Matador Resources reaffirms $3.25B credit base, trims SOFR spread

Matador Resources Company, through its subsidiary MRC Energy Company, amended its secured revolving credit facility on December 9, 2025.

Rhea-AI Filing Summary

Matador Resources Company, through its subsidiary MRC Energy Company, amended its secured revolving credit facility on December 9, 2025. The Seventh Amendment removes the 0.10% per year credit spread adjustment previously added to the Adjusted Daily Simple SOFR and Adjusted Term SOFR Rate used to calculate interest under the facility.

The amendment also reaffirms the borrowing base at $3.25 billion and keeps the elected borrowing commitments at $2.25 billion, as part of the regularly scheduled November 1 redetermination. Matador later issued a press release on December 11, 2025, to announce these changes.

8-K Event Classification

3 items: 1.01, 2.03, 7.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Matador Resources Company (MTDR) change in its credit facility?

Matador, via MRC Energy Company, entered into a Seventh Amendment to its Fourth Amended and Restated Credit Agreement, removing a 0.10% per annum credit spread adjustment from the Adjusted Daily Simple SOFR and Adjusted Term SOFR Rate used for interest calculations.

What is the current borrowing base under Matador Resources Company’s credit facility?

The amendment reaffirms the borrowing base at $3.25 billion under Matador Resources Company’s secured revolving credit facility.

What are the elected borrowing commitments for Matador Resources Company after the amendment?

The elected borrowing commitments remain at $2.25 billion following the Seventh Amendment to the credit agreement.

Was the borrowing base change for Matador Resources Company a special or routine event?

The reaffirmation of the $3.25 billion borrowing base is described as the regularly scheduled November 1 redetermination under the credit facility.

Did Matador Resources Company issue a press release about the credit agreement amendment?

Yes. Matador issued a press release dated December 11, 2025, announcing the amendment, which is filed as Exhibit 99.1 to the Form 8-K.

Which subsidiary of Matador Resources Company is the borrower under the credit agreement?

MRC Energy Company, a wholly owned subsidiary of Matador Resources Company, is the borrower under the amended credit agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 12/11/2025 - 06:41 AM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported) December 9, 2025

Matador Resources Company

(Exact name of registrant as specified in its charter)

Texas	001-35410	27-4662601
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

	5400 LBJ Freeway, Suite 1500
	Dallas, Texas	75240
	(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (972) 371-5200

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.01 per share		MTDR		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.01 Entry Into a Material Definitive Agreement.

On December 9, 2025, MRC Energy Company (“MRC Energy”), a wholly-owned subsidiary of Matador Resources Company (“Matador”), entered into a Seventh Amendment to Fourth Amended and Restated Credit Agreement (the “Amendment”), which amended Matador’s existing secured revolving credit facility (the “Credit Agreement”) to, among other things: (i) remove the 0.10% per annum credit spread adjustment that was previously included in the calculation of the Adjusted Daily Simple SOFR and Adjusted Term SOFR Rate (each as defined in the Credit Agreement) applicable to all interest periods under the Credit Agreement, (ii) reaffirm the borrowing base at $3.25 billion and (iii) maintain the elected borrowing commitments at $2.25 billion. This reaffirmation of the borrowing base pursuant to the Amendment constituted the regularly scheduled November 1 redetermination.

The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K (this “Current Report”) and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The disclosures under Item 1.01 of this Current Report are also responsive to Item 2.03 of this Current Report and are incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

On December 11, 2025, Matador issued a press release (the “Press Release”) announcing the Amendment. A copy of the Press Release is attached hereto as Exhibit 99.1 and incorporated into this Item 7.01 by reference.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description of Exhibit
10.1		Seventh Amendment to Fourth Amended and Restated Credit Agreement, dated as of December 9, 2025, by and among MRC Energy Company, as Borrower, the Lenders party thereto and PNC Bank, National Association, as Administrative Agent for the Lenders.
99.1		Press Release, dated December 11, 2025.
104		Cover Page Interactive Data File, formatted in Inline XBRL (included as Exhibit 101).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MATADOR RESOURCES COMPANY
Date: December 11, 2025	By:	/s/ Bryan A. Erman
	Name:	Bryan A. Erman
	Title:	Co-President