Matador Resources Accepts $419.7M of 6.875% Senior Notes in $500M Tender Offer
Matador Resources completed its cash tender offer for $500 million of 6.875% senior notes due 2028, receiving valid tenders totaling $419.705 million (84%) and expects to settle on March 5 and March 9 for guaranteed deliveries. The company will redeem remaining notes under its indenture on April 15, 2026.
1. Tender Offer Results
Matador Resources’ cash tender offer for its $500 million aggregate principal amount of 6.875% senior notes due 2028 expired at 5:00 p.m. on March 4, 2026. The company received valid tenders of $419.705 million (84%) and will pay the consideration of $1,019.75 per $1,000 principal amount plus accrued interest on March 5, with guaranteed deliveries settled on March 9.
2. Redemption and Cancellation Plans
All notes accepted in the tender offer will be canceled and retired, ceasing interest accrual as of settlement. Matador intends to exercise its optional right under the indenture to redeem any remaining notes on April 15, 2026, thereby satisfying and discharging its obligations under that indenture.