Matador Resources announces $15 million draw under credit agreement

By Ashley Montgomery

Kansas City, Kan., Sept. 13 - Matador Resources Co. borrowed $15 million from its second amended and restated credit agreement on Sept. 7, according to an 8-K filing with the Securities and Exchange Commission.

The company said it will use the funds for working capital requirements and capital expenditures.

Matador said it owes $105 million under the credit agreement as of Wednesday. The company also has $1.1 million of outstanding letters of credit. Availability is $18.9 million.

Matador is an oil and gas company based in Dallas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.