Matador to offer $350M of senior notes due 2023

Matador Resources Co. (NYSE: MTDR) intends to offer $350 million of senior unsecured notes due 2023 in a private placement to eligible purchasers.

Matador intends to use the net proceeds from the offering primarily to repay a portion of the outstanding borrowings under its revolving credit facility and the debt assumed in connection with the merger of Harvey E. Yates Co. (HEYCO) with and into Matador’s wholly owned subsidiary, to fund a portion of its future capital expenditures and for other general working capital needs.

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