Matador Resources Company Announces Eighth Amendment to Secured Revolving Credit Facility
Key Points:
- On June 10, 2026, Matador Resources Company, through its wholly-owned subsidiary MRC Energy Company, entered into an Eighth Amendment to its Fourth Amended and Restated Credit Agreement.
- This amendment relates to Matador’s existing secured revolving credit facility, impacting its borrowing base and credit allocations among participating lenders.
- The amendment constitutes the regularly scheduled May 1 redetermination of the borrowing base.
Details of the Credit Amendment:
- The amendment adjusts the Revolving Credit Percentages, Allocations, and Total Commitments among lenders, as set forth on the newly attached Annex B.
- The total revolving credit commitment is set at \$2,750,000,000, with an aggregate facility size of \$3,500,000,000.
- Letter of credit commitments total \$25,000,000 per major lender, reflecting the facility’s capacity for providing credit support.
- The lending syndicate includes major banks such as PNC Bank (Administrative Agent), JPMorgan Chase, Wells Fargo, Truist Bank, Capital One, Citizens Bank, Mizuho Bank, MUFG Bank, Royal Bank of Canada, Toronto-Dominion Bank, U.S. Bank, and BOKF (Bank of Texas).
- Joint Lead Arrangers and Bookrunners for the facility include PNC Capital Markets, Bank of America, JPMorgan Chase, KeyBanc, Truist Securities, Wells Fargo Securities, Mizuho, MUFG, RBC Capital Markets, TD Securities, Bank of Nova Scotia, and U.S. Bank.
- Bank OZK is named as Documentation Agent.
Shareholder-Relevant Information:
- The reaffirmation and adjustment of the borrowing base and credit commitments may impact Matador’s liquidity and capital structure, potentially affecting its ability to fund growth, acquisitions, or return capital to shareholders.
- Although the amendment is a scheduled redetermination, the size and syndicate composition indicate continued strong support from leading financial institutions, a positive signal for creditworthiness and financial stability.
- No written communications, soliciting material, or pre-commencement tender offers are indicated in the filing, suggesting no imminent material corporate actions such as mergers, acquisitions, or tender offers.
- Matador is not classified as an emerging growth company, which means it is subject to full financial reporting and regulatory compliance.
Recent Shareholder Meeting and Corporate Actions:
- The Company’s Annual Meeting was held on June 10, 2026, where shareholders discussed:
- Recent acquisition of undeveloped acreage in the Bureau of Land Management Oil and Gas Lease Sale.
- Natural gas marketing efforts and operational efficiencies.
- Growth in the Company’s midstream businesses.
- Shareholders approved an advisory resolution on 2025 executive compensation and ratified the appointment of KPMG LLP as independent registered public accounting firm for 2026.
Potential Price-Sensitive Information:
- The adjustment to the revolving credit facility, especially the reaffirmed borrowing base and the syndicate’s composition, has direct implications for Matador’s financial flexibility and risk profile. This could influence investor sentiment and share price, especially if the market interprets it as a sign of improved liquidity or access to growth capital.
- The acquisition of new undeveloped acreage and ongoing midstream growth may signal future expansion and revenue opportunities, potentially impacting valuation.
- No indication of material adverse changes, new equity or debt issuance, or corporate actions that would negatively affect share value.
Signatories:
- The amendment was executed by authorized officers of Matador and all participating lenders, including key representatives from each financial institution.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisors and review official SEC filings before making any investment decisions. The information provided is based on public filings and may be subject to change or update.
