Matador Resources Says It Intends To Offer $750M Of Senior Unsecured Notes Due 2033 In A Private Placement To Eligible Purchasers; Company Will Use Net Proceeds From The Offering To Repay Borrowings Outstanding Under Credit Facility
Portfolio Pulse from Nabaparna Bhattacharya
Matador Resources plans to offer $750 million in senior unsecured notes due 2033 in a private placement. The proceeds will be used to repay borrowings under its credit facility.
September 20, 2024 | 11:39 am
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Matador Resources is issuing $750 million in senior unsecured notes to repay its credit facility borrowings. This move could improve its financial flexibility.
The issuance of $750 million in senior unsecured notes allows Matador Resources to repay its credit facility, potentially improving its financial flexibility and reducing interest expenses. This could be seen positively by investors, leading to a short-term positive impact on the stock price.
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