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Matador Resources Plans $750 Million Notes Offering, Launches 2028 Tender Offer

BY MT Newswires | CORPORATE | 02/26/26 10:56 AM EST

10:56 AM EST, 02/26/2026 (MT Newswires) -- Matador Resources (MTDR) said Thursday it plans to offer $750 million of senior unsecured notes due 2034 in a private placement.

Separately, the company said it has commenced a cash tender offer to purchase any and all of its $500 million outstanding 6.875% senior notes due 2028. The company intends to use the net proceeds from the new notes offering to fund the tender offer and to repay borrowings under its credit facility.

If any 2028 notes remain after the offer, Matador said it intends to satisfy and discharge them in accordance with the terms of the indenture governing the notes.

The tender offer will expire on March 4, unless extended. Holders who validly tender their notes will receive $1,019.75 per $1,000 principal amount, plus accrued and unpaid interest. The offer depends on Matador raising at least $500 million from the new notes offering.

The company said it may terminate, extend or amend the offer at its discretion.

Price: 49.67, Change: -0.08, Percent Change: -0.16

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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