Matador Resources Company filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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SECURITIES AND EXCHANGE COMMISSION
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| 1.01 | Entry into a Material Definitive Agreement. |
Purchase Agreement
On February 26, 2026, Matador Resources Company (the “Company”) and certain of its subsidiaries (the “Guarantors”) entered into a purchase agreement (the “Purchase Agreement”) with BofA Securities, Inc. (“BofA”), as representative of the several initial purchasers named therein (collectively, the “Initial Purchasers”), pursuant to which the Company agreed to issue and sell $750 million in aggregate principal amount of the Company’s 6.000% Senior Notes due 2034 (the “New Notes”). The Company expects to receive net proceeds from the issuance and sale of the New Notes (the “Offering”) of approximately $736.5 million, after deducting the Initial Purchasers’ discounts and estimated offering expenses.
The Purchase Agreement contains customary representations and warranties of the parties and indemnification and contribution provisions under which the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, have agreed to indemnify each other against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). The Company has also agreed not to offer or sell certain debt securities for a period of 45 days after February 26, 2026, without the prior consent of BofA.
The New Notes were offered and sold in a transaction exempt from the registration requirements under the Securities Act. The Initial Purchasers intend to resell the New Notes to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to non-U.S. persons in reliance on Regulation S. The New Notes and related guarantees have not been registered under the Securities Act or the applicable securities laws of any state or other jurisdiction and may not be offered, transferred or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and the applicable securities laws of any state or other jurisdiction.
Relationships
Certain of the Initial Purchasers and their respective affiliates have in the past, and may in the future, perform investment banking, commercial banking, advisory and other services for the Company and its affiliates from time to time for which they have received, and may in the future receive, customary fees and expenses. In addition, an affiliate of the trustee for the New Notes is an Initial Purchaser.
The Company intends to use the net proceeds from the Offering (i) to repurchase any and all of the $500 million outstanding aggregate principal amount of its 6.875% senior notes due 2028 (the “2028 Notes”) through a cash tender offer (the “Tender Offer”), and to pay related premiums, fees and expenses in connection with the Tender Offer, and (ii) to repay borrowings outstanding under the Company’s credit facility. Certain of the Initial Purchasers or their respective affiliates may hold some of the 2028 Notes and consequently may receive a portion of the net proceeds from the Offering through the Tender Offer. In addition, certain of the Initial Purchasers or their respective affiliates are lenders under the Company’s credit facility and, as a result, such Initial Purchasers or their affiliates will receive a portion of the net proceeds from the Offering from the repayment of borrowings under the Company’s credit facility.
The foregoing descriptions are qualified in their entirety by reference to the full text of the Purchase Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
| Item 8.01 | Other Events. |
On February 26, 2026, the Company issued a press release announcing the pricing of the Offering. A copy of such press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.
This Current Report on Form 8-K is neither an offer to sell nor a solicitation of an offer to buy any security, including the New Notes, nor a solicitation for an offer to purchase any security, including the New Notes or the 2028 Notes, nor shall there be an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. | Description of Exhibit | |
| 10.1 | Purchase Agreement, dated as of February 26, 2026, by and among the Company, the Guarantors and BofA Securities, Inc., as representative of the several initial purchasers named therein. | |
| 99.1 | Press Release, dated February 26, 2026, announcing the pricing of the Offering. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MATADOR RESOURCES COMPANY | ||
| Date: February 27, 2026 | By: | /s/ Bryan A. Erman |
| Name: | Bryan A. Erman | |
| Title: | Co-President | |