Finance & Investing | Fundraising | Capital Markets
Matador Initiates Note Offering to Fund HEYCO Deal
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Matador Resources Company reported that, subject to market conditions, it intends to offer $350 million of senior unsecured notes due 2023 in a private placement to eligible purchasers.
Matador intends to use the net proceeds from the offering primarily to repay a portion of the outstanding borrowings under its revolving credit facility and the debt assumed in connection with the merger of Harvey E. Yates Company with and into Matador’s wholly-owned subsidiary, to fund a portion of its future capital expenditures and for other general working capital needs.