secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0001193125-24-084849
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matador closes $900M 6.5% notes due 2032; tenders $556M of 5.875% notes due 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000119312524084849/0001193125-24-084849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000119312524084849/d797085d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-084849

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