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Published on 3/26/2024 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Fitch gives Matador Resources notes BB-

Fitch Ratings said it assigned BB-/RR4 ratings to Matador Resources Co.'s planned senior unsecured notes due 2032.

The ratings align with those on Matador’s outstanding senior unsecured notes.

Matador intends to use the proceeds to redeem its 5 7/8% senior notes due 2026 via a tender offer, pay the tender premium and associated transaction fees and for general corporate purposes.

The outlook is positive.


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