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Stock impact report

Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility

Matador Resources Company (MTDR) 
Last matador resources company earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.matadorresources.com
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that its lenders increased the borrowing base under the Company’s credit agreement by 30% from $2.50 billion to $3.25 billion. This increase of the borrowing base resulted from the regularly scheduled semi-annual borrowing base redetermination, although Matador elected to keep the borrowing commitments at $2.25 billion at present but appreciates the potential to increase its borrowings to $3.25 billion at a later date. The borrowing base increase was supported and approved by each of the 19 lenders under Matador’s credit facility.Matador is also pleased to announce that its midstream joint venture, San Mateo Midstream, LLC (“San Mateo”), amended and restated its credit agreement to provide for the following:increase the lender commitments by approximately 50% from $535 million to $800 million;extend the maturity date of San Mateo’s credit agreement to November 2029;provide Show less Read more
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