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Home>Matador Resources Company Announces Pricing of Public Offering of Common Stock

Matador Resources Company Announces Pricing of Public Offering of Common Stock

Matador Resources Company Announces Pricing of Public Offering of Common Stock

10/05/2017

Matador Resources Company Announces Pricing of Public Offering of Common Stock

Matador Resources Company (NYSE: MTDR) (“Matador”) announced today that it has priced an underwritten public offering of 8,000,000 shares of its common stock. The total estimated gross proceeds of the offering, before estimated offering fees and expenses, are approximately $210.8 million. The offering is expected to close on October 10, 2017, subject to customary closing conditions.

Matador intends to use the net proceeds from this offering (i) to fund the aggregate purchase price for approximately 9,800 gross (6,600 net) acres in the Delaware Basin in and around its existing acreage positions, subject to customary due diligence and closing conditions, (ii) to fund the capital expenditures for a number of midstream initiatives in the Delaware Basin that are either in progress or that it expects to begin by the end of the first quarter of 2018 and (iii) for general corporate purposes, including to fund a portion of its future capital expenditures.

BMO Capital Markets is acting as book-running manager 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 website at www.sec.gov or by sending a request to:

BMO Capital Markets
Attn: Equity Syndicate Department
3 Times Square, 25th Floor
New York, NY 10036
Telephone: (800) 414-3627
E-mail: bmoprospectus@bmo.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 Securities and Exchange Commission (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”).

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