Market Overview

Matador Resources Company Announces Results of Its Cash Tender Offer for Its 6.875% Senior Notes Due 2023


Matador Resources Company (NYSE:MTDR) ("Matador") announced today the
expiration and final results as of 5:00 p.m., New York City time, on
August 20, 2018 (the "Expiration Time") of its cash tender offer to
purchase any and all of its $575 million in aggregate principal amount
of outstanding 6.875% Senior Notes due 2023 (CUSIP No. 576485AB2 / ISIN
US576485AB26) (the "Notes"). The tender offer is being made on the terms
and subject to the conditions set forth in an Offer to Purchase, dated
August 7, 2018 (the "Offer to Purchase"), and related Letter of
Transmittal. As of the Expiration Time, $378,915,000 million in
aggregate principal amount of Notes had been validly tendered (and not
validly withdrawn).

Additionally, $2,190,000 aggregate principal amount of outstanding Notes
was tendered pursuant to the Guaranteed Delivery Procedures (as defined
in the Offer to Purchase), for which delivery of Notes must be made by
the close of business on August 22, 2018.

The tender offer was subject to the satisfaction or waiver of certain
conditions, as described in the Offer to Purchase. All conditions to the
tender offer have been satisfied or waived.

Matador has accepted all Notes validly tendered (and not validly
withdrawn) prior to the Expiration Time and expects to purchase and make
payment for such accepted tendered Notes on the date hereof. The last
day and time for holders to validly withdraw tenders of Notes expired at
5:00 p.m., New York City time, on August 20, 2018 and notes validly
tendered may no longer be validly withdrawn, except under certain
limited circumstances required by law.

Concurrently with the commencement of the tender offer, Matador issued a
conditional notice of redemption to holders of the Notes to redeem any
and all Notes that remain outstanding after completion of the tender
offer. The remaining outstanding Notes not purchased in the Tender Offer
will be redeemed at a redemption price equal to 105.156% of the
aggregate principal amount thereof, plus accrued and unpaid interest on
the Notes redeemed to, but not including, the redemption date, which is
scheduled for September 6, 2018.

Matador has engaged BofA Merrill Lynch as the Dealer Manager for the
tender offer. BofA Merrill Lynch can be contacted at (888) 292-0070
(toll-free) and (980) 386-6026 (collect).

The complete terms and conditions of the tender offer are set forth in
the Offer to Purchase. Holders may obtain copies of the Offer to
Purchase and the Letter of Transmittal from Global Bondholder Services
Corporation, the Tender and Information Agent for the tender offer, at
(212) 430-3774 (brokers and banks) and (866) 807-2200 (all others;
toll-free) or at

This press release is for information purposes only and is not an
offer to purchase or a solicitation of an offer to purchase with respect
to any of the Notes.
The tender offer is being made solely
pursuant to the tender offer documents, including the Offer to Purchase
that Matador distributed to holders of the Notes.
The tender
offer is not being made to holders of Notes in any jurisdiction in which
the making or acceptance thereof would not be in compliance with the
securities, blue sky or other laws of such jurisdiction.

Neither Matador, the Dealer Manager nor the Tender and Information
Agent, nor any other person makes any recommendation as to whether
holders of Notes should tender their Notes, and no one has been
authorized to make such a recommendation.

Forward-Looking Statements

This press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, 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. Such forward-looking statements include, but are not
limited to, among other things, the completion of the tender offer.
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. For further discussions of risks and
uncertainties, you should refer to Matador's filings with the Securities
and Exchange Commission (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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