Business Context and Reporting Period
Company: Matador Resources Company
Filing Type: Form 8-K (Current Report)
Date of Report: December 14, 2021
Reporting Period: Event date December 14, 2021
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity metrics. The document focuses exclusively on a specific corporate action regarding debt instruments.
Material Changes
Debt Structure Modification: On December 14, 2021, the Company entered into a Second Supplemental Indenture regarding its 5.875% Senior Notes due 2026. The primary material change is the addition of two subsidiaries as guarantors to the existing Indenture dated August 21, 2018.
- New Guarantors: MRC Explorers Resources, LLC and MRC Spiral Resources, LLC.
- Instrument: 5.875% Senior Notes due 2026.
- Trustee: Computershare Trust Company, N.A., as agent for Wells Fargo Bank, National Association.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. It does not disclose new risks or contingencies beyond the standard legal obligations associated with the supplemental indenture. The document states that the description of the agreement is qualified by reference to the full text of the Supplemental Indenture filed as Exhibit 4.1.
Investor Verification Checklist
- Verify the full text of the Second Supplemental Indenture (Exhibit 4.1) for specific covenants and obligations imposed on the new guarantors.
- Confirm the impact of the new guarantors on the Company's consolidated financial statements and credit profile.
- Review the original Indenture dated August 21, 2018, to understand the baseline terms of the 5.875% Senior Notes due 2026.