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Stock impact report

Matador Resources Company Announces Amendment to Its Credit Facility and Completion of Natural Gas Pipeline Connections

Matador Resources Company (MTDR) 
Last matador resources company earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.matadorresources.com
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that Matador and its lenders successfully amended the Company’s credit agreement to, among other things, (1) increase the elected commitment from $1.325 billion to $1.5 billion, (2) increase the maximum facility amount from $2.0 billion to $3.5 billion and (3) extend the maturity date by three years to 2029. Matador is also pleased to announce that five new banks joined the credit facility, bringing the total bank group to 19 banks. These new banks are Capital One, N.A., Citizens Bank, N.A., Mizuho Bank, Ltd., The Toronto-Dominion Bank, New York Branch, and Wells Fargo Bank, N.A.Joseph Wm. Foran, Matador’s Founder, Chairman and CEO, commented, “On behalf of the Board and the management team, we thank each of our banks for their continued support. We also welcome the five new banks to our high-quality bank group, which is led by PNC Bank, N.A., as administrative agent. Matad Show less Read more
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