Matador prices $500M senior notes upsized from $400M; 6.875% coupon, due 2028

Matador Resources Co

$500M aggregate principal of 6.875% senior notes due 2028, priced at 98.960% of face value.
Offering upsized from previously announced $400M; expected to close April 11, 2023.
Net proceeds of ~$487.6M (after discounts and expenses) will be used for general corporate purposes.
Notes offered via private placement under Rule 144A/Reg S; not registered under Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Matador Resources Co entered into Purchase Agreement with BofA Securities, Inc., as representative of the several initial purchasers named therein valued at $500,000,000 (effective 2023-04-03).

Action: entry
Agreement: notes offering
Counterparty: BofA Securities, Inc., as representative of the several initial purchasers named therein
Value: $500,000,000
Effective: 2023-04-03

Exact text from the filing

On April 3, 2023, Matador Resources Company (the “Company”) and certain of its subsidiaries (the “Guarantors”) entered into a purchase agreement (the “Purchase Agreement”) with BofA Securities, Inc. (“BofA”), as representative of the several initial purchasers named therein (collectively, the “Initial Purchasers”), pursuant to which the Company agreed to issue and sell $500,000,000 in aggregate principal amount of the Company’s 6.875% Senior Notes due 2028 (the “Notes”).

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281 material agreements filed in the last 30 days. Browse all material agreements →

Matador Resources Co filing history →

Source: SEC EDGAR

accession 0001193125-23-090352

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