debt
confidence high
sentiment neutral
materiality 0.75
Matador launches $800M notes due 2032, tender for $699.2M 2026 notes, and $347.3M equity offering
Matador Resources Co
- 5.25M common stock offering priced at ~$347.3M gross proceeds; expected close March 27.
- $800M senior unsecured notes due 2032 offered in private placement; proceeds to fund tender and general corporate.
- Cash tender for any and all $699.2M outstanding 5.875% notes due 2026 at $1,000.75/$1,000 plus accrued interest.
- Tender expires April 1; conditional on raising at least $700M from the notes offering (Financing Condition).
- Equity proceeds may fund acquisitions and repay revolver; J.P. Morgan and BofA act as underwriters.