Matador Resources Secures $3.25B Credit Deal With Unanimous Bank Support

Matador Resources Company (NYSE:MTDR) ("Matador") is pleased to announce (i) the successful, unanimous redetermination of the borrowing base under Matador's reserves-based loan credit facility (the "RBL") at $3.25 billion by the nineteen members of Matador's bank group and (ii) that the sixteen lenders under San Mateo Midstream, LLC's ("San Mateo") revolving credit facility have unanimously agreed to not only renew their commitment but also to increase their commitments by $250 million from $850 million to $1.10 billion.

Unanimous Lender Support for Borrowing Base Redetermination

Matador is pleased to formally announce that as part of the fall 2025 redetermination process, Matador's nineteen commercial lenders unanimously reaffirmed the Company's borrowing base under its RBL at $3.25 billion. Matador's ‘elected commitment' remained constant at $2.25 billion, but Matador did achieve a slight reduction in its borrowing costs under the RBL.