Matador RBL borrowing base reaffirmed at $3.25B; San Mateo facility increased to $1.10B

Matador Resources Co

Nineteen lenders unanimously reaffirmed borrowing base at $3.25B; elected commitments unchanged at $2.25B; 0.10% credit spread removed.
San Mateo midstream revolving credit facility increased by $250M to $1.10B; 16 lenders unanimously agreed, one new lender added.
Matador paid down $311M in RBL borrowings in first nine months of 2025; debt-to-EBITDA below 1.0x; available liquidity ~$2B.

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