secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2024-09-25T23:59:59+00:00
Accession:  0001104659-24-102789
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matador closes $750M notes offering, reports strong Ameredev integration and production milestone
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- Closed $750M 6.250% senior notes due 2033; net proceeds used to repay credit facility including $250M term loan, debt neutral.
- Integration of $1.832B Ameredev acquisition off to strong start; temporarily produced over 200,000 boe/d for first time.
- Expects debt-to-EBITDA ratio of 1.3-1.4x at Sept 30, 2024, and 1.0x or less by mid-2025.
- Drilled five additional 'U-Turn' wells in New Mexico with expected savings of $3M per well; first remote trimul-frac saved $1.1M.
- Anticipates $160M in operational synergies from Ameredev over five years from drilling, completing, and equipping.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000110465924102789/0001104659-24-102789-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000110465924102789/tm2424667d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-102789

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