Matador Resources unit extends up to $1.5 billion loan to 2026

By Wendy Van Sickle

Columbus, Ohio, Nov. 18 – Matador Resources Co. announced the amendment and restatement of a credit agreement with MRC Energy Co. as borrower and Royal Bank of Canada as administrative agent, according to a news release.

Under the restated agreement, the maturity date was extended by three years to Oct. 31, 2026; the borrowing base was increased by 50% to $1.35 billion; the elected commitment was reaffirmed at $700 million; and the maximum facility amount was reaffirmed at $1.5 billion.

Matador is a Dallas-based independent energy company.

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