Matador Resources Company Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 6.875% Senior Notes Due 2028
MWN-AI** Summary
Matador Resources Company (NYSE: MTDR) has announced the expiration and results of its cash tender offer for all outstanding 6.875% Senior Notes due 2028, totaling an aggregate principal amount of $500 million. The tender offer expired on March 4, 2026, with approximately 84% of the notes, amounting to $419,705,000, being validly tendered. This figure excludes an amount of $4,530,000 that is still subject to guaranteed delivery procedures.
All validly tendered notes will be accepted for purchase, and Matador expects to pay the consideration for these notes on March 5, 2026, the designated settlement date. The consideration per $1,000 of principal amount is set at $1,019.75, along with any accrued and unpaid interest up to the settlement date. Interest will cease to accrue on the settlement date for all accepted notes, which will subsequently be canceled and retired.
Furthermore, Matador intends to use its optional redemption right to redeem any remaining outstanding notes on April 15, 2026. The tender offer follows the terms outlined in the Offer to Purchase and a related notice, which can be accessed through the information agent, Global Bondholder Services Corporation.
In its operational scope, Matador Resources focuses on the exploration, development, and production of oil and natural gas resources across the United States, primarily targeting shale plays such as the Wolfcamp and Bone Spring formations in the Delaware Basin.
It's important to note that Matador's disclosure includes forward-looking statements, which involve risks and uncertainties, potentially affecting actual outcomes and financial performance. Investors and stakeholders are encouraged to review these statements cautiously.
MWN-AI** Analysis
Matador Resources Company (NYSE: MTDR) recently concluded a cash tender offer for its 6.875% Senior Notes due 2028, successfully purchasing approximately 84% of the outstanding notes. This results in a considerable reduction of its debt obligation, enhancing financial flexibility that investors should watch closely.
The acceptance of $419.7 million in notes strengthens Matador's balance sheet and decreases future interest liabilities. The consideration of $1,019.75 per $1,000 of notes plus accrued interest demonstrates Matador's commitment to maintaining liquidity by capitalizing on favorable conditions in the capital markets. This early buyback suggests management's confidence in cash flows and can be interpreted as a proactive measure to optimize its capital structure.
Furthermore, the intention to redeem any remaining notes in April 2026 indicates a strategic approach to managing long-term liabilities. By reducing debt, Matador may position itself to allocate more resources towards operational growth and exploration activities, especially in burgeoning regions like the Delaware Basin.
Investors should consider the upcoming Settlement Date on March 5, 2026, as a pivotal moment. Monitor market reactions, as debt buybacks may often lead to share price appreciation, particularly for a company like Matador, whose fundamentals appear stable amid fluctuating energy prices.
That said, potential investors should remain cognizant of external factors impacting the energy sector. Recent volatility in crude oil and natural gas prices can introduce additional risks that may affect Matador's operational performance. It's also advisable to watch for any updates regarding cash flows and production levels in the upcoming quarterly earnings report, as these will provide insights into the sustainability of the company's growth trajectory. In summary, maintaining a cautious yet optimistic stance on Matador's stock might yield promising investment opportunities as it navigates these changes.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Matador Resources Company (NYSE: MTDR) (“Matador”) today announced the expiration and results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of the $500 million outstanding aggregate principal amount of its 6.875% Senior Notes due 2028 (the “Notes”).
The Tender Offer expired at 5:00 p.m., New York City time, on March 4, 2026 (the “Expiration Time”). As of the Expiration Time, an aggregate principal amount of $419,705,000, or approximately 84%, of the Notes were validly tendered and not validly withdrawn, which amount excludes $4,530,000 aggregate principal amount of the Notes that remain subject to guaranteed delivery procedures described in the Offer to Purchase and the Notice of Guaranteed Delivery (each as defined below). Matador has accepted for purchase all Notes validly tendered prior to the Expiration Time pursuant to the Tender Offer and expects to pay the consideration (the “Consideration”) for such Notes on March 5, 2026 (the “Settlement Date”). Matador also expects to accept for purchase all Notes that remain subject to guaranteed delivery procedures and to pay the Consideration for such Notes on March 9, 2026.
The Consideration to be paid for the Notes is $1,019.75 for each $1,000 principal amount of the Notes validly tendered and accepted for purchase pursuant to the Tender Offer, plus an amount equal to any accrued and unpaid interest up to, but not including, the Settlement Date. For the avoidance of doubt, interest on the Notes will cease to accrue on the Settlement Date for all Notes accepted in the Tender Offer. All Notes accepted in the Tender Offer will be canceled and retired by Matador.
Matador intends to exercise its optional right, under the indenture governing the Notes, to redeem any Notes outstanding on April 15, 2026 and, in accordance therewith, to satisfy and discharge its obligations under such indenture.
The Tender Offer is being made pursuant to the terms and conditions contained in the offer to purchase (the “Offer to Purchase”) and related notice of guaranteed delivery (the “Notice of Guaranteed Delivery”), each dated February 26, 2026, copies of which may be requested from the information agent for the Tender Offer, Global Bondholder Services Corporation, at (212) 430-3774 (brokers and banks) and (855) 654-2015 (all others; toll-free), by email at contact@gbsc-usa.com or via the following web address: http://www.gbsc-usa.com/Matador . BofA Securities, Inc. is acting as Dealer Manager for the Tender Offer. Questions regarding the Tender Offer may be directed to the Dealer Manager at (980) 388-3646 (collect) and (888) 292-0070 (toll-free), or by email at debt_advisory@bofa.com .
This press release is for informational purposes only, does not constitute a notice of redemption or satisfaction and discharge under the indenture governing the Notes and is neither an offer to sell nor a solicitation of an offer to buy any security, nor a solicitation for an offer to purchase any security, including the Notes, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Matador Resources Company
Matador 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 has operations in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of, and to provide flow assurance for, its exploration, development and production operations and provides natural gas processing, oil transportation services, oil, natural gas and produced water gathering services and produced water disposal services to third parties.
Forward-Looking Statements
This press release includes “forward-looking statements” 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. “Forward-looking statements” 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 “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. 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, risks and uncertainties related to the capital markets generally, as well as the following risks related to financial and operational performance: general economic conditions, including the effects of inflation and interest rates; tariffs and trade tensions; the Company’s 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’s 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 or the construction, expansion or operation of the Company’s midstream assets; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on the Company’s operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; disruption from the Company’s acquisitions making it more difficult to maintain business and operational relationships; significant transaction costs associated with the Company’s acquisitions; the risk of litigation and/or regulatory actions related to the Company’s acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its credit facility and otherwise; the operating results of, and the availability of any potential distributions from, our joint ventures; weather conditions, environmental conditions and natural disasters; evolving cybersecurity risks; 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’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260305084912/en/
Mac Schmitz
Senior Vice President – Investor Relations
investors@matadorresources.com
(972) 371-5225
FAQ**
How does the completion of the cash tender offer impact the overall financial health of Matador Resources Company MTDR, given that approximately 84% of the 6.875% Senior Notes due 2028 have been validly tendered?
What strategic reasons does Matador Resources Company MTDR have for exercising its optional right to redeem any outstanding Notes on April 15, 2026, following the settlement of the tender offer?
In light of the forward-looking statements included in the press release, what specific risks does Matador Resources Company MTDR anticipate affecting its operational performance moving forward?
How might the cessation of interest accrual on the Notes after the Settlement Date influence investor sentiment toward Matador Resources Company MTDR and its future financing strategies?
**MWN-AI FAQ is based on asking OpenAI questions about Matador Resources Company (NYSE: MTDR).
NASDAQ: MTDR
MTDR Trading
2.7% G/L:
$57.035 Last:
1,051,506 Volume:
$57 Open:
