Matador Resources Company (MTDR) on Thursday announced a $750 million private placement of senior unsecured notes due 2034.
The company plans to use the proceeds to repurchase part or all of its $500 million outstanding 6.875% senior notes due 2028 through a cash tender offer, which began today, and to repay debt.
The tender offer for the 2028 Notes will expire on March 4, 2026. Holders who participate will receive $1,019.75 per $1,000 principal, plus accrued interest. The offer is contingent on Matador raising at least $500 million in gross proceeds from the 2034 note placement.
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