Matador Resources Company Announces Expiration and Results of Cash Tender Offer for 6.875% Senior Notes Due 2028

Key Points and Summary

• Tender Offer Expiration: Matador Resources Company (NYSE: MTDR) announced the expiration and results of its cash tender offer to purchase any and all of its outstanding \$500 million 6.875% Senior Notes due 2028. The offer expired at 5:00 p.m. New York City time on March 4, 2026.
• Notes Tendered: Approximately \$419,705,000 (about 84%) of the Notes were validly tendered and not withdrawn, with an additional \$4,530,000 subject to guaranteed delivery procedures.
• Settlement Dates: Matador accepted for purchase all Notes validly tendered prior to expiration and expects to pay the consideration for these Notes on March 5, 2026. Notes subject to guaranteed delivery procedures are expected to be settled on March 9, 2026.
• Consideration Paid: Investors will receive \$1,019.75 for each \$1,000 principal amount of Notes accepted, plus accrued and unpaid interest up to, but not including, the settlement date. Interest on tendered Notes ceases to accrue on the settlement date.
• Notes Cancellation: All Notes accepted in the Tender Offer will be cancelled and retired by Matador.
• Future Redemption: Matador intends to exercise its optional right under the indenture to redeem any remaining Notes outstanding on April 15, 2026, and will satisfy and discharge its obligations under the indenture.
• Offer Details: The tender offer was made pursuant to an Offer to Purchase and Notice of Guaranteed Delivery, both dated February 26, 2026. BofA Securities, Inc. acted as Dealer Manager.

Important Information for Shareholders

• Significant Debt Reduction: With approximately 84% of the Notes tendered and set for cancellation, Matador is significantly reducing its outstanding debt. This move may positively impact the company’s leverage profile and future interest expenses, potentially enhancing creditworthiness and financial performance.
• Possible Share Price Impact: Debt reduction and the strategic use of cash for early retirement of high-interest notes could be seen as a positive development by investors. It may improve Matador’s balance sheet and support future growth or shareholder returns.
• Redemption of Remaining Notes: The company’s intention to redeem remaining Notes on April 15, 2026, signals a commitment to further streamline its capital structure.
• Forward-Looking Statements: The company cautions that forward-looking statements involve risks such as economic conditions, commodity price changes, operational challenges, regulatory and governmental restrictions, acquisition risks, capital availability, and environmental factors. These could materially affect future outcomes and share valuation.
• Not a Redemption Notice: The press release is informational and does not constitute a formal notice of redemption.

Company Overview

Matador Resources Company is an independent energy company focused on the exploration, development, production, and acquisition of oil and natural gas resources in the U.S., primarily in the Delaware Basin (Southeast New Mexico and West Texas), with additional operations in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Matador also conducts midstream operations, providing natural gas processing, oil transportation, gathering, and water disposal services, including third-party services.

Risks and Forward-Looking Statements

Investors are advised that all forward-looking statements are subject to significant risks and uncertainties, including but not limited to capital market conditions, operational performance, commodity price volatility, regulatory approvals, acquisition integration, weather and environmental events, cybersecurity risks, and other factors. Actual results may differ materially from expectations. Refer to Matador’s SEC filings, especially the “Risk Factors” in the latest Annual Report on Form 10-K, for more details.

Contact Information

Mac Schmitz
Senior Vice President – Investor Relations
Email: [email protected]
Phone: (972) 371-5225

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Investors should consult Matador’s SEC filings and their own financial advisors before making any investment decisions.

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