08:07 AM EDT, 09/20/2024 (MT Newswires) -- Matador Resources ( MTDR ) said Friday it plans to offer $750 million of senior unsecured notes due 2033 in a private placement.

The energy company said it plans to use the net proceeds from the placement to repay outstanding borrowings under its credit facility, including all of the $250 million debt under its term loan.

Matador shares were 1.3% higher in premarket trading

Price: 52.87, Change: +0.67, Percent Change: +1.28