Matador Resources Prices Upsized Offering Of $900M Of Senior Notes Due 2032
Portfolio Pulse from Benzinga Newsdesk
Matador Resources has upsized its offering of senior notes to $900 million, an increase from the previously announced $800 million. The offering is expected to close on April 2, 2024, subject to customary closing conditions.
March 26, 2024 | 9:42 pm
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Matador Resources has increased its senior notes offering to $900 million, indicating a potential for increased liquidity or funding for future projects.
The upsizing of the senior notes offering by Matador Resources to $900 million from $800 million suggests a strong investor interest or a need for more capital, possibly for expansion or debt refinancing. This could be viewed positively by investors as it may indicate growth opportunities or financial strengthening, leading to a potential short-term positive impact on MTDR's stock price.
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