Matador Resources Company Announces Pricing of Public Offering of Common Stock
25 Março 2024 - 9:45PM
Business Wire
Matador Resources Company (NYSE: MTDR) (“Matador”) announced
today that it has priced an underwritten public offering of
5,250,000 shares of its common stock. The total estimated gross
proceeds of the offering, before estimated offering fees and
expenses, are approximately $347.3 million. The offering is
expected to close on or about March 27, 2024, subject to customary
closing conditions.
Matador intends to use the net proceeds from this offering for
general corporate purposes, which may include, among other things,
the funding of acquisitions and the repayment of borrowings
outstanding under Matador’s revolving credit facility.
J.P. Morgan and BofA Securities are acting as the underwriters
for the offering. The underwriters may offer the shares of
Matador’s common stock from time to time for sale in one or more
transactions on the New York Stock Exchange, in the
over-the-counter market, through negotiated transactions or
otherwise at market prices prevailing at the time of sale, at
prices related to prevailing market prices or at negotiated
prices.
When available, copies of the preliminary prospectus supplement,
prospectus supplement and accompanying base prospectus relating to
the offering may be obtained free of charge on the Securities and
Exchange Commission’s (the “SEC”) website at www.sec.gov or by
sending a request to:
J.P. Morgan Securities LLC Attention: c/o Broadridge Financial
Solutions 1155 Long Island Avenue Edgewood, New York, 11717
Telephone: (866) 803-9204 E-mail: prospectus-eq_fi@jpmchase.com
BofA Securities, Inc. Attention: Prospectus Department
NC1-022-02-25 201 North Tryon Street Charlotte, NC, 28255-0001
Telephone: (800) 294-1322 E-mail:
dg.prospectus_requests@bofa.com
The shares of common stock will be offered and sold pursuant to
an effective shelf registration statement on Form S-3 previously
filed with the SEC. This press release does not constitute an offer
to sell or the solicitation of an offer to buy the securities
described herein, nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. The offering is
being made only by means of a prospectus and related prospectus
supplement meeting the requirements of Section 10 of the Securities
Act of 1933, as amended (the “Securities Act”).
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. Additionally,
Matador conducts midstream operations in support of its
exploration, development and production operations and provides
natural gas processing, oil transportation services, oil, natural
gas and produced water gathering services and produced water
disposal services to third parties.
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. Such
forward-looking statements include, but are not limited to,
statements about guidance, projected or forecasted financial and
operating results, future liquidity, the payment of dividends,
results in certain basins, objectives, project timing, expectations
and intentions, regulatory and governmental actions and other
statements that are not historical facts. 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, risks and
uncertainties related to the capital markets generally, whether
Matador will consummate the offering and the anticipated use of
proceeds, as well as the following risks related to financial and
operational performance: general economic conditions; Matador’s
ability to execute its business plan, including whether its
drilling program is successful; 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; the operating results of
Matador’s midstream oil, natural gas and water gathering and
transportation systems, pipelines and facilities, the acquiring of
third-party business and the drilling of any additional salt water
disposal wells; costs of operations; delays and other difficulties
related to producing oil, natural gas and natural gas liquids;
delays and other difficulties related to regulatory and
governmental approvals and restrictions; impact on Matador’s
operations due to seismic events; its ability to make acquisitions
on economically acceptable terms; its ability to integrate
acquisitions; disruption from Matador’s acquisitions making it more
difficult to maintain business and operational relationships;
significant transaction costs associated with Matador’s
acquisitions; the risk of litigation and/or regulatory actions
related to Matador’s acquisitions; availability of sufficient
capital to execute its business plan, including from future cash
flows, available borrowing capacity under its revolving credit
facilities and otherwise; the operating results of and availability
of any potential distributions from its joint ventures; weather and
environmental conditions; and the other factors that 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: https://www.businesswire.com/news/home/20240325027002/en/
Mac Schmitz Vice President – Investor Relations
investors@matadorresources.com (972) 371-5225
Matador Resources (NYSE:MTDR)
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