Matador Resources Co. (NYSE: MTDR) is offering to exchange $400 million of its outstanding 6.875% senior notes due 2023, which were privately placed on April 14 for a like principal amount of 6.875% senior notes due 2023 that have been registered under the Securities Act of 1933, as amended. The exchange notes are being offered pursuant to a registration rights agreement previously entered into in connection with the issuance of the outstanding notes.
The terms of the exchange notes are substantially the same as the terms of the outstanding notes, except that the exchange notes have been registered under the Securities Act and the transfer restrictions, registration rights and provisions for additional interest relating to the outstanding notes do not apply to the exchange notes. Any outstanding original notes that are not exchanged will continue to be subject to the existing transfer restrictions.
The exchange offer will expire at 5 p.m., New York City time, on Oct. 20, unless extended. Tenders of the original notes must be made before the exchange offer expires and may be withdrawn at any time before the exchange offer expires.