Matador increases credit facility to $1.25B, plans $400M senior note offering

Matador Resources Co

Credit facility borrowing commitment raised from $775M to $1.25B; borrowing base reaffirmed at $2.25B.
No borrowings outstanding as of Dec 31, 2022; $45.6M in outstanding letters of credit.
Intends to offer $400M in senior unsecured notes due 2028 for general corporate purposes.
Notes to be offered in private placement under Rule 144A and Regulation S; not registered.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Matador Resources Co amended Second Amendment to Fourth Amended and Restated Credit Agreement with lenders party thereto valued at increase the borrowing commitment from $775 million to $1.25 billion (effective 2023-03-31).

Action: amendment
Agreement: credit facility
Counterparty: lenders party thereto
Value: increase the borrowing commitment from $775 million to $1.25 billion
Effective: 2023-03-31

Exact text from the filing

On March 31, 2023, MRC Energy Company, a wholly owned subsidiary of Matador Resources Company (the “Company”), entered into a Second Amendment to Fourth Amended and Restated Credit Agreement (the “Amendment”), which amends the Company’s secured revolving credit facility (the “Credit Agreement”) to, among other things: (i) increase the borrowing commitment from $775 million to $1.25 billion and (ii) reaffirm the borrowing base as $2.25 billion.

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

Matador Resources Co filing history →

Source: SEC EDGAR

accession 0001520006-23-000087

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.