Matador Resources prices upsized $900M senior note offering at 6.500% due 2032

Matador Resources Co

Offering upsized to $900M from $800M; notes priced at 100% of face value.
Net proceeds expected ~$885M after discounts and expenses.
Proceeds primarily to repurchase $699.2M of 5.875% senior notes due 2026 via cash tender offer.
Offering expected to close on April 2, 2024, subject to customary conditions.
Remaining proceeds for general corporate purposes, including acquisitions or revolver repayment.

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