Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility
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Matador Resources Company announced a 30% increase in its borrowing base under its credit agreement, raising it from $2.50 billion to $3.25 billion. However, the company has chosen to maintain its borrowing commitments at $2.25 billion for now.
December 03, 2024 | 11:45 am
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Matador Resources has increased its borrowing base by 30% to $3.25 billion, though it maintains current borrowing commitments at $2.25 billion. This provides the company with greater financial flexibility.
The increase in the borrowing base enhances Matador's financial flexibility, which is generally positive for the company's stock as it indicates potential for future growth and stability. However, the decision to maintain current borrowing commitments suggests a cautious approach.
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