Matador Resources Company Commences Registered Exchange Offer for Previously Issued 5.875% Senior Notes Due 2026
Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) is
offering to exchange up to $1.05 billion of its outstanding 5.875%
Senior Notes due 2026, which were privately placed on August 21, 2018
and October 4, 2018 (the “Notes”), for a like principal amount of 5.875%
Senior Notes due 2026 that have been registered under the Securities Act
of 1933, as amended (the “Securities Act”). The exchange notes are being
offered pursuant to registration rights agreements previously entered
into in connection with the issuance of the Notes.
The terms of the exchange notes are substantially the same as the terms
of the Notes, except that the exchange notes have been registered under
the Securities Act and the transfer restrictions, registration rights
and provisions for additional interest relating to the Notes do not
apply to the exchange notes. Any Notes that are not exchanged will
continue to be subject to the existing transfer restrictions.
The exchange offer will expire at 5:00 p.m., New York City time, on
December 17, 2018, unless extended. Tenders of the Notes must be made
before the exchange offer expires and may be withdrawn at any time
before the exchange offer expires.
The terms of the exchange offer are set forth in a prospectus dated
November 16, 2018. Documents related to the offer, including the
prospectus and the associated letter of transmittal, have been filed
with the Securities and Exchange Commission (the “SEC”), and may be
obtained from the exchange agent, Wells Fargo Bank, National
Association. Wells Fargo’s address, telephone number and facsimile
number are as follows.
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By Mail, Overnight Courier or Hand Delivery:
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Wells Fargo Bank, N.A.
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Corporate Trust Operations
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MAC N9300-070
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600 South Fourth Street
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Minneapolis, Minnesota 55402
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Facsimile Transmission:
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(877) 407-4679
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Attn: Corporate Trust Operations
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Confirm by Telephone:
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1-800-344-5128
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This press release shall not constitute an offer to exchange nor a
solicitation of an offer to exchange the Notes. The exchange offer is
being made only by the prospectus dated November 16, 2018 and only to
such persons and in such jurisdictions as is permitted under applicable
law.
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 and
East Texas. Additionally, Matador conducts midstream operations,
primarily through its midstream joint venture, San Mateo Midstream, LLC,
in support of its exploration, development and production operations and
provides natural gas processing, oil transportation services, natural
gas, oil and salt water gathering services and salt 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. 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, the following risks
related to financial and operational performance: general economic
conditions; the Company’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; 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; its ability to make
acquisitions on economically acceptable terms; its ability to integrate
acquisitions; availability of sufficient capital to execute its business
plan, including from future cash flows, increases in its borrowing base
and otherwise; weather and environmental conditions; the operating
results of the Company’s midstream joint venture’s expansion of the
Black River cryogenic processing plant; the timing and operating results
of the buildout by the Company’s midstream joint venture of oil, natural
gas and water gathering and transportation systems and the drilling of
any additional salt water disposal wells; and other important factors
which 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 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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