Matador Resources to repay revolver debt with add-on note proceeds

By Sarah Lizee

Olympia, Wash., Oct. 1 – Matador Resources Co. plans to repay outstanding borrowings under its revolving credit facility using proceeds from an offering of additional senior notes, according to a press release.

The company announced on Monday that it intends to offer a $250 million add-on to its 5 7/8% senior notes due 2026 in a private placement.

Proceeds from the offering will also be used for general corporate purposes.

The issuer is a Dallas-based independent energy company.

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