NYSE:MTDROil and Gas
Does Matador Resources (MTDR) Increasing Its Borrowing Base Clarify Its Long-Term Capital Allocation Priorities?
Earlier this month, Matador Resources Company reported that its nineteen commercial lenders unanimously reaffirmed a US$3.25 billion borrowing base under its reserves-based loan credit facility, while commitments under its midstream joint venture San Mateo’s revolving credit facility were increased to US$1.10 billion from US$850 million.
This broad lender support not only trims Matador’s borrowing costs but also reinforces the scale and importance of its Delaware Basin midstream...