Matador Resources Company announced today that, subject to market conditions, it plans to offer $400 million in senior unsecured notes due 2028 in a private placement to qualified buyers. The net proceeds of the offering will be used for general corporate purposes by Matador.
The notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) or applicable state securities laws and may not be offered or sold in the United States unless registered or exempt from the Securities Act and applicable state securities laws.
The initial purchasers may resell the notes under Rule 144A and Regulation S of the Securities Act and constitutes neither an offer to sell nor a solicitation of an offer to buy any of these securities, nor shall any of these securities be sold in any state or jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
Matador is an independent energy company that explores, develops, produces, and acquires oil and natural gas resources in the United States, with a focus on oil and natural gas shale and other unconventional plays.
Its current operations are primarily concentrated in the oil and liquids-rich Wolfcamp and Bone Spring plays of the Delaware Basin in Southeast New Mexico and West Texas.
Matador also has operations in South Texas’ Eagle Ford shale play, as well as Northwest Louisiana’s Haynesville shale and Cotton Valley plays. Matador also conducts midstream operations in support of its exploration, development, and production operations, including natural gas processing, oil transportation, natural gas, oil, and produced water gathering, and produced water disposal.
