Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Matador Resources Co amended revolving credit of $1.50 billion with PNC Bank, National Association maturing March 2029.
- Instrument
- revolving credit
- Principal
- $1.50 billion
- Counterparty
- PNC Bank, National Association
- Maturity
- March 2029
- Event
- amendment
Exact text from the filing
On March 22, 2024, MRC Energy Company, a wholly owned subsidiary of Matador Resources Company (the “Company”), entered into a Fifth Amendment to Fourth Amended and Restated Credit Agreement (the “Amendment”), which amends the Company’s secured revolving credit facility (the “Credit Agreement”) to, among other things, (i) reaffirm the borrowing base at $2.50 billion, (ii) increase the maximum facility amount from $2.0 billion to $3.50 billion, (iii) increase the elected borrowing commitments from $1.325 billion to $1.50 billion, (iv) extend the maturity date from October 2026 to March 2029 and (v) replace Truist Bank with PNC Bank, National Association as administrative agent thereunder.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.98
Matador Resources Co entered into Fifth Amendment to Fourth Amended and Restated Credit Agreement with MRC Energy Company valued at $2.50 billion borrowing base, $3.50 billion maximum facility amount, $1.50 billion elected borrowing (effective 2024-03-22).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- MRC Energy Company
- Value
- $2.50 billion borrowing base, $3.50 billion maximum facility amount, $1.50 billion elected borrowing
- Effective
- 2024-03-22
Exact text from the filing
On March 22, 2024, MRC Energy Company, a wholly owned subsidiary of Matador Resources Company (the “Company”), entered into a Fifth Amendment to Fourth Amended and Restated Credit Agreement (the “Amendment”), which amends the Company’s secured revolving credit facility (the “Credit Agreement”) to, among other things, (i) reaffirm the borrowing base at $2.50 billion, (ii) increase the maximum facility amount from $2.0 billion to $3.50 billion, (iii) increase the elected borrowing commitments from $1.325 billion to $1.50 billion, (iv) extend the maturity date from October 2026 to March 2029 and (v) replace Truist Bank with PNC Bank, National Association as administrative agent thereunder.
View on SEC.gov