Matador Resources amends credit facility, revising size and maturity

By Sara Rosenberg

New York, March 25 – Matador Resources Co. amended its credit agreement to increase the elected commitment to $1.5 billion from $1.325 billion and increase the maximum facility amount to $3.5 billion from $2 billion, according to a news release.

In addition, the amendment extended the maturity date of the facility by three years to 2029.

With the amendment, five new banks – Capital One, Citizens Bank, Mizuho Bank, Toronto-Dominion Bank and Wells Fargo Bank – joined the credit facility, bringing the total bank group to 19 banks.

PNC Bank is the administrative agent.

Matador Resources is a Dallas-based independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources.

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