{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-120120","form_type":"8-K","ticker":"MTDR","cik":"0001520006","company_name":"Matador Resources Co","filed_at":"2025-12-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.619763+00:00","generated_at":"2026-05-16T13:29:42.597671+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Matador RBL borrowing base reaffirmed at $3.25B; San Mateo facility increased to $1.10B","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-120120","json":"https://secwatch.observer/filing/0001104659-25-120120.json","markdown":"https://secwatch.observer/filing/0001104659-25-120120.md","text":"https://secwatch.observer/filing/0001104659-25-120120.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1520006/000110465925120120/0001104659-25-120120-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1520006/000110465925120120/tm2533173d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:29:42.597671+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b7537256f0d33f75e95b0db17c3560d951a939c5","claim":"Matador Resources Co amended Seventh Amendment to Fourth Amended and Restated Credit Agreement (effective 2025-12-09).","evidence_excerpt":"On December 9, 2025, MRC Energy Company (“MRC Energy”), a wholly-owned subsidiary of Matador Resources Company (“Matador”), entered into a Seventh Amendment to Fourth Amended and Restated Credit Agreement (the “Amendment”), which amended Matador’s existing secured revolving credit facility (the “Credit Agreement”) to, among other things: (i) remove the 0.10% per annum credit spread adjustment that was previously included in the calculation of the Adjusted Daily Simple SOFR and Adjusted Term SOFR Rate (each as defined in the Credit Agreement) applicable to all interest periods under the Credit Agreement, (ii) reaffirm the borrowing base at $3.25 billion and (iii) maintain the elected borrowing commitments at $2.25 billion.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1520006/000110465925120120/0001104659-25-120120-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Effective","value":"2025-12-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}