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Matador Resources Company Announces Offering of $750 Million of Senior Notes Due 2034

MTDR
  • Matador Resources Company (NYSE: MTDR) intends to offer $750 million of senior unsecured notes due 2034 via private placement subject to market conditions.
  • The company plans to use net proceeds to repurchase all $500 million of its 6.875% senior notes due 2028 through a cash tender offer & pay related premiums, fees, & expenses.
  • Remaining proceeds will be used to repay outstanding borrowings under Matador's credit facility.
  • Any 2028 Notes remaining after the tender offer will be satisfied & discharged according to the governing indenture terms.
  • The tender offer is based on an offer to purchase & related notice of guaranteed delivery dated February 26, 2026.
  • The new notes are unregistered under the Securities Act of 1933 & may not be offered, transferred, or sold in the U.S. absent registration or an applicable exemption.
  • Initial purchasers may resell the notes to qualified institutional buyers under Rule 144A & to non-U.S. persons outside the U.S. under Regulation S.
  • This press release does not constitute a notice of redemption, satisfaction, or discharge under the 2028 Notes indenture.
  • Matador is an independent energy company focused on oil & natural gas exploration, development, & production in the Delaware Basin, Haynesville shale, & Cotton Valley plays.
  • The company also operates midstream assets providing natural gas processing, oil transportation, gathering, & produced water disposal services.
  • The release contains forward-looking statements regarding future events, potential results, & risks that may differ materially from actual outcomes.