04:33 PM EDT, 09/20/2024 (MT Newswires) -- Matador Resources ( MTDR ) said Friday it has priced a private offering of $750 million of 6.25% senior unsecured notes due 2033 at 100% of their face value.

The offering is slated to close on Sept. 25, the company said.

Net proceeds will be used to repay borrowings under its credit facility, including the $250 million in borrowings under its term loan, Matador said.