Matador’s San Mateo lifts revolver to $535 million, up $50 million

Chicago, Nov. 13 – Matador Resources Co. announced that lenders under San Mateo Midstream, LLC’s revolver increased their commitments by $50 million, lifting the amount to $535 million from $485 million, according to a press release.

JPMorgan Chase Bank, NA joined as a new lender to the nine-member bank group.

Brian J. Wiley, Matador’s executive vice president and chief financial officer said, “The $50 million increase in lender commitments under San Mateo’s revolving credit facility provides San Mateo with greater operational and financial flexibility.”

The energy company is based in Dallas. San Mateo is Matador’s midstream joint venture owned 51% by Matador and 49% by Five Point Energy LLC.

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