Finance & Investing | Fundraising | Capital Markets
Matador's Borrowing Base Reaffirmed at $375 Million
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Matador Resources Company reported that, effective October 16, 2015, it amended its revolving credit facility to extend the maturity date from December 29, 2016 to October 16, 2020.
In connection with the amendment, Matador’s lenders unanimously reaffirmed the borrowing base under the revolving credit facility at $375.0 million, and the maximum facility amount remained unchanged at $500.0 million.
Matador also announced today the results of its previously announced offering to exchange $400 million of its outstanding 6.875% Senior Notes due 2023, which were privately placed on April 14, 2015, for a like principal amount of 6.875% Senior Notes due 2023 that have been registered under the Securities Act of 1933, as amended. As of 5:00 p.m., New York City time, on October 20, 2015, the…
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