Matador Resources lengthens revolver’s term nearly four years to 2020

By Wendy Van Sickle

Columbus, Ohio, Oct. 21 – Matador Resources Co. extended the maturity of its revolving credit agreement to Oct. 16, 2020 from Dec. 29, 2016, according to an 8-K filed with the Securities and Exchange Commission.

The amendment providing for the extension was entered into on Friday.

In connection with the amendment, the lenders unanimously reaffirmed the borrowing base under the agreement at $375 million, and the maximum facility amount remained at $500 million, according to the filing.

Royal Bank of Canada is the credit agreement’s administrative agent.

Dallas-based Matador is engaged in the exploration, development, production and acquisition of oil and natural gas resources.

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