Matador Resources Company Commences Registered Exchange Offer for Previously Issued 6.875% Senior Notes Due 2023
April 26 2017 - 6:30AM
Business Wire
Matador Resources Company (NYSE: MTDR) (“Matador” or the
“Company”) is offering to exchange up to $175 million of its
outstanding 6.875% Senior Notes due 2023, which were privately
placed on December 9, 2016 (the “Notes”), for a like principal
amount of 6.875% Senior Notes due 2023 that have been registered
under the Securities Act of 1933, as amended (the “Securities
Act”). The exchange notes are being offered pursuant to a
registration rights agreement previously entered into in connection
with the issuance of the Notes. On April 14, 2015, the Company
issued $400,000,000 aggregate principal amount of 6.875% Senior
Notes due 2023, all of which were exchanged in October 2015 for
substantially identical notes registered under the Securities
Act.
The terms of the exchange notes are substantially the same as
the terms of the Notes, except that the exchange notes have been
registered under the Securities Act and the transfer restrictions,
registration rights and provisions for additional interest relating
to the Notes do not apply to the exchange notes. Any Notes that are
not exchanged will continue to be subject to the existing transfer
restrictions.
The exchange offer will expire at 5:00 p.m., New York City time,
on May 23, 2017, unless extended. Tenders of the Notes must be made
before the exchange offer expires and may be withdrawn at any time
before the exchange offer expires.
The terms of the exchange offer are set forth in a prospectus
dated April 26, 2017. Documents related to the offer, including the
prospectus and the associated letter of transmittal, have been
filed with the Securities and Exchange Commission (the “SEC”), and
may be obtained from the exchange agent, Wells Fargo Bank, National
Association. Wells Fargo’s address, telephone number and facsimile
number are as follows.
By Registered or Certified Mail: Wells Fargo Bank, N.A. Corporate
Trust Operations MAC N9300-070 P.O. Box 1517 Minneapolis, Minnesota
55480 Air Courier Service: Wells Fargo Bank, N.A. Corporate
Trust Operations MAC N9300-070 600 Fourth Street South, 7th Floor
Minneapolis, Minnesota 55479 Facsimile Transmission: (612)
667-6282 Attn: Corporate Trust Operations
Confirm by Telephone:
1-800-344-5128
This press release shall not constitute an offer to exchange nor
a solicitation of an offer to exchange the Notes. The exchange
offer is being made only by the prospectus dated April 26, 2017 and
only to such persons and in such jurisdictions as is permitted
under applicable law.
About Matador Resources Company
Matador is an independent energy company engaged in the
exploration, development, production and acquisition of oil and
natural gas resources in the United States, with an emphasis on oil
and natural gas shale and other unconventional plays. Its current
operations are focused primarily on the oil and liquids-rich
portion of the Wolfcamp and Bone Spring plays in the Delaware Basin
in Southeast New Mexico and West Texas. Matador also operates in
the Eagle Ford shale play in South Texas and the Haynesville shale
and Cotton Valley plays in Northwest Louisiana and East Texas.
Additionally, Matador conducts midstream operations, primarily
through its midstream joint venture, San Mateo Midstream, LLC, in
support of its exploration, development and production operations
and provides natural gas processing, natural gas, oil and salt
water gathering services and salt water disposal services to third
parties on a limited basis.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934, as amended. “Forward-looking
statements” are statements related to future, not past, events.
Forward-looking statements are based on current expectations and
include any statement that does not directly relate to a current or
historical fact. In this context, forward-looking statements often
address expected future business and financial performance, and
often contain words such as “could,” “believe,” “would,”
“anticipate,” “intend,” “estimate,” “expect,” “may,” “should,”
“continue,” “plan,” “predict,” “potential,” “project,”
“hypothetical,” “forecasted” and similar expressions that are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. Actual
results and future events could differ materially from those
anticipated in such statements, and such forward-looking statements
may not prove to be accurate. These forward-looking statements
involve certain risks and uncertainties, including, but not limited
to, the following risks related to financial and operational
performance: general economic conditions; the Company’s ability to
execute its business plan, including whether its drilling program
is successful; the ability of the Company’s midstream joint venture
to expand the Black River cryogenic processing plant, the timing of
such expansion and the operating results thereof; the timing and
operating results of the buildout by the Company’s midstream joint
venture of oil, natural gas and water gathering systems and the
drilling of any additional salt water disposal wells; changes in
oil, natural gas and natural gas liquids prices and the demand for
oil, natural gas and natural gas liquids; its ability to replace
reserves and efficiently develop current reserves; costs of
operations; delays and other difficulties related to producing oil,
natural gas and natural gas liquids; its ability to make
acquisitions on economically acceptable terms; its ability to
integrate acquisitions; availability of sufficient capital to
execute its business plan, including from future cash flows,
increases in its borrowing base and otherwise; weather and
environmental conditions; and other important factors which could
cause actual results to differ materially from those anticipated or
implied in the forward-looking statements. For further discussions
of risks and uncertainties, you should refer to Matador’s filings
with the SEC, including the “Risk Factors” section of Matador’s
most recent Annual Report on Form 10-K and any subsequent Quarterly
Reports on Form 10-Q. Matador undertakes no obligation and does not
intend to update these forward-looking statements to reflect events
or circumstances occurring after the date of this press release,
except as required by law, including the securities laws of the
United States and the rules and regulations of the SEC. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
All forward-looking statements are qualified in their entirety by
this cautionary statement.
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version on businesswire.com: http://www.businesswire.com/news/home/20170426005089/en/
Matador Resources CompanyMac Schmitz, 972-371-5225Capital
Markets Coordinatorinvestors@matadorresources.com
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