debt
confidence high
sentiment neutral
materiality 0.60
Matador prices $750M of 6.250% senior notes due 2033 to repay borrowings
Matador Resources Co
- $750M aggregate principal of 6.250% senior unsecured notes due 2033 priced at 100% of face value.
- Offering expected to close September 25, 2024, subject to customary conditions.
- Net proceeds will repay outstanding credit facility borrowings, including $250M term loan, making it debt neutral.
- Notes offered in a private placement to QIBs and non-U.S. persons under Rule 144A/Regulation S.