Skip to main content

Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

 
  Back to Financing Database

Matador Initiates Note Offering to Fund HEYCO Deal


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.

Announced Date
April 06,2015
Value  ( $MM )
350
Type
Debt
Use of Fund
Fund Acquisition,Debt Reduction
Company
Matador Resources Company
Regions
Permian
Country
United States
Play
Permian Basin