6.875% Senior Notes Due 2028
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Matador Resources Company Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 6.875% Senior Notes Due 2028
Businesswire· 2026-03-05 11:30
Core Viewpoint - Matador Resources Company has successfully completed a cash tender offer for its outstanding 6.875% Senior Notes due 2028, with approximately 84% of the notes validly tendered by the expiration date [1] Group 1: Tender Offer Details - The cash tender offer for the $500 million outstanding aggregate principal amount of 6.875% Senior Notes expired on March 4, 2026, at 5:00 p.m. New York City time [1] - A total of $419,705,000, or approximately 84%, of the notes were validly tendered and not withdrawn, excluding $4,530,000 that remains subject to guaranteed delivery procedures [1] - The consideration for the notes accepted in the tender offer is $1,019.75 for each $1,000 principal amount, plus accrued and unpaid interest up to the settlement date of March 5, 2026 [1] Group 2: Future Plans and Operations - Matador intends to redeem any outstanding notes on April 15, 2026, and will cancel and retire all notes accepted in the tender offer [1] - The company is also conducting a private offering of $750 million of senior unsecured notes due 2034, with the net proceeds intended to repurchase the outstanding 6.875% Senior Notes [2]
Matador Resources Company Announces Offering of $750 Million of Senior Notes Due 2034
Businesswire· 2026-02-26 12:41
Core Viewpoint - Matador Resources Company plans to offer $750 million of senior unsecured notes due 2034 in a private placement, subject to market conditions [1] Group 1: Financial Details - The company intends to use the net proceeds from the offering to repurchase all of its $500 million outstanding aggregate principal amount of 6.875% senior notes due 2028 through a cash tender [1]