---
schema_version: "secwatch.filing_event.v1"
accession: "0001520006-23-000188"
form_type: "8-K"
ticker: "MTDR"
cik: "0001520006"
company_name: "Matador Resources Co"
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T20:43:57.158691+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Matador Resources raises quarterly dividend 33% to $0.20/sh, expands credit facility

## Summary
- Quarterly cash dividend increased 33% to $0.20 per share, payable Dec 1, 2023, record Nov 10.
- Credit facility borrowing base increased to $2.5B from $2.25B; max facility to $2.0B from $1.5B.
- Elected commitment raised to $1.325B from $1.25B; only $530M drawn as of Sep 30.
- JPMorgan Chase joins bank group; BOK Financial and Cathay Bank increase commitments.
- CEO cites growing financial strength and positive operational outlook for dividend hike.

## SEC filing metadata
- accession: 0001520006-23-000188
- form_type: 8-K
- ticker: MTDR
- cik: 0001520006
- company_name: Matador Resources Co
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1520006/000152000623000188/0001520006-23-000188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1520006/000152000623000188/mtdr-20231019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001520006-23-000188
- JSON: https://secwatch.observer/filing/0001520006-23-000188.json
- Plain text: https://secwatch.observer/filing/0001520006-23-000188.txt

## Key facts
- Debt Financings
  Matador Resources Co amended revolving credit of increase the borrowing base from $2.25 billion to $2.50 billion, (ii) increase the maximum facility amount from $1.50 bi.
  - Instrument: revolving credit
  - Principal: increase the borrowing base from $2.25 billion to $2.50 billion, (ii) increase the maximum facility amount from $1.50 bi
  - Event: amendment
  source text: On October 19, 2023, MRC Energy Company, a wholly owned subsidiary of Matador Resources Company (the “Company”), entered into a Fourth 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 base from $2.25 billion to $2.50 billion, (ii) increase the maximum facility amount from $1.50 billion to $2.0 billion and (iii) increase the elected commitment from $1.25 billion to $1.325 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1520006/000152000623000188/0001520006-23-000188-index.htm
- Material Agreements
  Matador Resources Co amended Fourth Amendment to Fourth Amended and Restated Credit Agreement valued at increase the borrowing base from $2.25 billion to $2.50 billion, (ii) increase the maximum facility (effective 2023-10-19).
  - Action: amendment
  - Agreement: credit facility
  - Value: increase the borrowing base from $2.25 billion to $2.50 billion, (ii) increase the maximum facility
  - Effective: 2023-10-19
  source text: On October 19, 2023, MRC Energy Company, a wholly owned subsidiary of Matador Resources Company (the “Company”), entered into a Fourth 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 base from $2.25 billion to $2.50 billion, (ii) increase the maximum facility amount from $1.50 billion to $2.0 billion and (iii) increase the elected commitment from $1.25 billion to $1.325 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1520006/000152000623000188/0001520006-23-000188-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.