secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0001193125-24-075954
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matador Resources amends credit facility ($3.5B max, maturity 2029) and completes pipeline connections
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- Credit facility maximum increased to $3.5B from $2.0B; borrowing base reaffirmed at $2.5B.
- Maturity extended from Oct 2026 to Mar 2029; elected commitments raised to $1.5B.
- Five new banks join (Capital One, Citizens, Mizuho, TD Bank, Wells Fargo); PNC Bank replaces Truist as admin agent.
- Completed over 20 miles of natural gas pipeline connections between Pronto Midstream and San Mateo/Advance acreage.
- Pipeline expected to support 21 Dagger Lake South wells turning to sales in Q2 2024, aiding production growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000119312524075954/0001193125-24-075954-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000119312524075954/d811227d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-075954

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