05:56 PM EDT, 03/26/2024 (MT Newswires) -- Matador Resources ( MTDR ) said late Tuesday it priced a $900 million private offering of 6.5% senior unsecured notes due 2032 at 100% face value.

The company upsized the offering from the originally planned $800 million.

Matador expects the offering to close April 2 and plans to use the net proceeds to fund its cash tender offer for 5.875% senior notes due 2026, and general corporate purposes.

Price: 64.9, Change: -0.21, Percent Change: -0.32