Matador Resources Company announced the successful redetermination of its borrowing base under the reserves-based loan credit facility (RBL) at $3.25 billion.
Sixteen lenders under San Mateo Midstream, LLC's revolving credit facility increased their commitments by $250 million from $850 million to $1.10 billion.
Matador expressed gratitude for the unanimous support from its bank group and highlighted the reduction in borrowing costs under the RBL.
Unanimous Lender Support
Nineteen commercial lenders unanimously reaffirmed Matador's borrowing base under the RBL at $3.25 billion, with elected commitment at $2.25 billion.
Reduced Borrowing Costs
Matador achieved a slight reduction in its borrowing costs under the RBL during the fall 2025 redetermination process.
Increased Lender Commitments
Lender commitments under San Mateo's revolving credit facility increased by 29% from $850 million to $1.10 billion.
Operational Efficiency
The increase in lender commitments provides San Mateo with greater operational and financial flexibility, enhancing operational capabilities.
- The redetermination of the borrowing base and the increase in lender commitments signify a positive outlook for Matador Resources Company's financial stability and growth trajectory.
- The reduced borrowing costs and increased commitments reflect confidence from lenders in Matador's operational and financial performance.
Matador Resources Company's successful RBL redetermination and the increased commitments under San Mateo's credit facility demonstrate strong financial support and confidence in the company's operations. These developments position Matador for continued growth and operational excellence in the energy sector.