05:52 AM EDT, 03/26/2024 (MT Newswires) -- Matador Resources ( MTDR ) said late Monday that it priced an offering of about 5.3 million common shares for gross proceeds of about $347.3 million.

Net proceeds from the offering, which is expected to close around March 27, will be used for general corporate purposes, including funding of acquisitions and debt repayment.