Matador Resources (MTDR) Commences 5.25M Share Offering

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Go back to Matador Resources (MTDR) Commences 5.25M Share Offering

Matador Resources Company Announces Commencement of Public Offering of Common Stock

March 25, 2024 4:37 PM EDT

DALLAS--(BUSINESS WIRE)-- Matador Resources Company (NYSE: MTDR) (Matador) announced today that it has commenced an underwritten public offering of 5,250,000 shares of its common stock.

Matador intends to use the net proceeds from this offering for general corporate purposes, which may include, among other things, the funding of acquisitions and the repayment of borrowings outstanding under Matadors revolving credit facility.

J.P. Morgan and BofA Securities are acting as the underwriters for the offering. The underwriters may offer the shares of Matadors common stock from time to time... More