{"id":791777,"date":"2024-12-03T06:33:21","date_gmt":"2024-12-03T11:33:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/"},"modified":"2024-12-03T06:33:21","modified_gmt":"2024-12-03T11:33:21","slug":"matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/","title":{"rendered":"Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility<\/b><\/p>\n<p>DALLAS&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMatador Resources Company (NYSE: MTDR) (\u201cMatador\u201d or the \u201cCompany\u201d) today announced that its lenders increased the borrowing base under the Company\u2019s credit agreement by 30% from $2.50 billion to $3.25 billion. This increase of the borrowing base resulted from the regularly scheduled semi-annual borrowing base redetermination, although Matador elected to keep the borrowing commitments at $2.25 billion at present but appreciates the potential to increase its borrowings to $3.25 billion at a later date. The borrowing base increase was supported and approved by each of the 19 lenders under Matador\u2019s credit facility.<\/p>\n<p>\nMatador is also pleased to announce that its midstream joint venture, San Mateo Midstream, LLC (\u201cSan Mateo\u201d), amended and restated its credit agreement to provide for the following:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nincrease the lender commitments by approximately 50% from $535 million to $800 million;<\/p>\n<\/li>\n<li>\nextend the maturity date of San Mateo\u2019s credit agreement to November 2029;<\/p>\n<\/li>\n<li>\nprovide for a $250 million accordion feature that could expand the lender commitments to up to $1.05 billion;<\/p>\n<\/li>\n<li>\ndecrease San Mateo\u2019s borrowing costs, which is expected to save approximately $1.5 million per year; and<\/p>\n<\/li>\n<li>\nadd six new banks as lenders under San Mateo\u2019s credit facility.<\/p>\n<\/li>\n<\/ul>\n<p>\nJoseph Wm. Foran, Matador\u2019s Founder, Chairman and CEO, commented, \u201cWe are very pleased with the $750 million increase in our borrowing base to $3.25 billion. This increase was unanimously supported by all 19 banks in Matador\u2019s bank group, which we believe reflects confidence in the increasing value and quality of Matador\u2019s oil and natural gas reserves. We are grateful to PNC Bank, as the lead bank under our credit agreement, and each of the other lenders under our credit agreement for their continued support and confidence in us. As of November 30, 2024, Matador had $830 million outstanding under its revolving credit facility with approximately $1.4 billion in liquidity (not including the $750 million increase in the borrowing base). This amount compares favorably to the prior amount of $955 million that was outstanding under Matador\u2019s revolving credit facility at the end of the third quarter of 2024 two months ago. Matador remains committed to maintaining a strong balance sheet, growing our production and increasing our operational efficiencies while also returning value to shareholders through our steadily increasing fixed dividend.<\/p>\n<p>\n\u201cAs to San Mateo\u2019s credit facility, we are also very pleased to announce a $265 million increase in the size of this facility from $535 million to $800 million. This increase should provide San Mateo with greater operating and financial flexibility as it continues to provide flow assurance and meet increasing demand from Matador and other third-party customers over the coming years. We express our appreciation to Truist Bank, as the lead bank under San Mateo\u2019s credit facility, and each of the other lenders under San Mateo\u2019s credit facility. In addition, we welcome each of KeyBank, Wells Fargo, Mizuho Bank, TD Securities, Capital One and MUFG Bank to San Mateo\u2019s bank group. Each of these banks has been supportive of Matador\u2019s operations and growth, and we are pleased to have them join San Mateo\u2019s bank group and expand our relationship to support San Mateo\u2019s current operations and future growth as well.\u201d<\/p>\n<p><b>About Matador Resources Company<\/b><\/p>\n<p>\nMatador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.<\/p>\n<p>\nFor more information, visit Matador Resources Company at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.matadorresources.com&amp;esheet=54160699&amp;newsitemid=20241203757987&amp;lan=en-US&amp;anchor=www.matadorresources.com&amp;index=1&amp;md5=31099a92be5d5201a9becab1efb47a35\">www.matadorresources.com<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release includes \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. \u201cForward-looking statements\u201d are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as \u201ccould,\u201d \u201cbelieve,\u201d \u201cwould,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201ccontinue,\u201d \u201cplan,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cproject,\u201d \u201chypothetical,\u201d \u201cforecasted\u201d and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, the payment of dividends, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, disruption from the Company\u2019s acquisitions making it more difficult to maintain business and operational relationships; significant transaction costs associated with the Company\u2019s acquisitions; the risk of litigation and\/or regulatory actions related to the Company\u2019s acquisitions as well as the following risks related to financial and operational performance: general economic conditions; the Company\u2019s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of the Company\u2019s midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on the Company\u2019s operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, available borrowing capacity under its revolving credit facilities and otherwise; the operating results of and the availability of any potential distributions from our joint ventures; weather and environmental conditions; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador\u2019s filings with the Securities and Exchange Commission (\u201cSEC\u201d), including the \u201cRisk Factors\u201d section of Matador\u2019s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241203757987r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241203757987\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241203757987\/en\/<\/a><\/span><\/p>\n<p>\nMac Schmitz<br \/>\n<br \/>Senior Vice President &#8211; Investor Relations<br \/>\n<br \/>(972) 371-5225<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investors@matadorresources.com\">investors@matadorresources.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Louisiana New Mexico Texas United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Energy Other Energy Oil\/Gas<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241203757987\/en\/319150\/3\/Matador_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility DALLAS&#8211;(BUSINESS WIRE)&#8211; Matador Resources Company (NYSE: MTDR) (\u201cMatador\u201d or the \u201cCompany\u201d) today announced that its lenders increased the borrowing base under the Company\u2019s credit agreement by 30% from $2.50 billion to $3.25 billion. This increase of the borrowing base resulted from the regularly scheduled semi-annual borrowing base redetermination, although Matador elected to keep the borrowing commitments at $2.25 billion at present but appreciates the potential to increase its borrowings to $3.25 billion at a later date. The borrowing base increase was supported and approved by each of the 19 lenders under Matador\u2019s credit facility. Matador is also pleased to announce that its &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-791777","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility DALLAS&#8211;(BUSINESS WIRE)&#8211; Matador Resources Company (NYSE: MTDR) (\u201cMatador\u201d or the \u201cCompany\u201d) today announced that its lenders increased the borrowing base under the Company\u2019s credit agreement by 30% from $2.50 billion to $3.25 billion. This increase of the borrowing base resulted from the regularly scheduled semi-annual borrowing base redetermination, although Matador elected to keep the borrowing commitments at $2.25 billion at present but appreciates the potential to increase its borrowings to $3.25 billion at a later date. The borrowing base increase was supported and approved by each of the 19 lenders under Matador\u2019s credit facility. Matador is also pleased to announce that its &hellip; Continue reading &quot;Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-03T11:33:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241203757987r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility\",\"datePublished\":\"2024-12-03T11:33:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\\\/\"},\"wordCount\":1313,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20241203757987r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\\\/\",\"name\":\"Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20241203757987r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"datePublished\":\"2024-12-03T11:33:21+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20241203757987r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20241203757987r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/","og_locale":"en_US","og_type":"article","og_title":"Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility - Market Newsdesk","og_description":"Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility DALLAS&#8211;(BUSINESS WIRE)&#8211; Matador Resources Company (NYSE: MTDR) (\u201cMatador\u201d or the \u201cCompany\u201d) today announced that its lenders increased the borrowing base under the Company\u2019s credit agreement by 30% from $2.50 billion to $3.25 billion. This increase of the borrowing base resulted from the regularly scheduled semi-annual borrowing base redetermination, although Matador elected to keep the borrowing commitments at $2.25 billion at present but appreciates the potential to increase its borrowings to $3.25 billion at a later date. The borrowing base increase was supported and approved by each of the 19 lenders under Matador\u2019s credit facility. Matador is also pleased to announce that its &hellip; Continue reading \"Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/","og_site_name":"Market Newsdesk","article_published_time":"2024-12-03T11:33:21+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241203757987r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility","datePublished":"2024-12-03T11:33:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/"},"wordCount":1313,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241203757987r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/","name":"Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241203757987r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","datePublished":"2024-12-03T11:33:21+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241203757987r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241203757987r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/matador-resources-company-increases-borrowing-base-under-matador-credit-facility-and-lender-commitments-under-san-mateo-credit-facility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/791777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=791777"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/791777\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=791777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=791777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=791777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}