Matador Resources Co (MTDR): debt financing — Matador closes $900M 6.5% notes due 2032; tenders $556M of 5.875% notes due 2026

Matador Resources Co

Issued $900M aggregate principal of 6.500% Senior Notes due 2032; net proceeds ~$885M.
Tender offer accepted $556.3M (80%) of outstanding 5.875% Senior Notes due 2026; consideration $1,000.75 per $1,000 principal plus accrued interest.
Matador intends to redeem remaining 2026 notes on September 15, 2024, subject to optional redemption right.
New notes are senior unsecured, guaranteed by subsidiaries; interest payable semiannually starting Oct 15, 2024.
Redemption provisions include 40% equity clawback before April 2027, make-whole call, and step-down pricing after April 2027.

Key facts

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 incurred senior notes of $900.0 million with BofA Securities, Inc. at 6.500% maturing April 15, 2032.

Instrument: senior notes
Principal: $900.0 million
Counterparty: BofA Securities, Inc.
Rate: 6.500%
Maturity: April 15, 2032
Event: incurrence

Exact text from the filing

the Company agreed to issue and sell $900.0 million in aggregate principal amount of the Company’s 6.500% Senior Notes due 2032

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

Matador Resources Co filing history →

Source: SEC EDGAR

accession 0001193125-24-084849

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.