Matador Resources Co. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Matador Resources Company on December 9, 2025, with the report date of December 11, 2025. The filing details a material definitive agreement entered into by MRC Energy Company, a wholly-owned subsidiary of Matador, regarding its secured revolving credit facility.
Key Financial Metrics
- Borrowing Base: Reaffirmed at $3.25 billion.
- Elected Borrowing Commitments: Maintained at $2.25 billion.
- Interest Rate Adjustment: The 0.10% per annum credit spread adjustment previously applied to Adjusted Daily Simple SOFR and Adjusted Term SOFR Rate calculations has been removed.
- Revenue, Profit, and Cash Flow: The filing text does not provide specific values for revenue, profit, cash flow, margins, or total debt levels outside of the credit facility terms.
Material Changes
The primary material change is the Seventh Amendment to the Fourth Amended and Restated Credit Agreement. This amendment reduces borrowing costs by eliminating the 0.10% credit spread adjustment. Additionally, the filing confirms the regularly scheduled November 1 redetermination of the borrowing base, which resulted in the reaffirmation of the $3.25 billion limit.
Guidance, Outlook, and Risks
Management commentary is limited to the announcement of the credit agreement amendment via a press release dated December 11, 2025. The filing does not contain updated financial guidance, specific risk factors, or contingencies beyond the standard incorporation of the amendment text. The removal of the credit spread adjustment indicates a favorable change in the company's cost of debt.
Investor Verification Checklist
- Verify the full text of the Seventh Amendment to the Credit Agreement (Exhibit 10.1) for any covenants or conditions not summarized in the 8-K.
- Confirm the impact of the removed 0.10% spread on the company's projected interest expense for the upcoming fiscal period.
- Review the December 11, 2025 press release (Exhibit 99.1) for additional context on the borrowing base redetermination process.
- Check subsequent filings for the actual utilization of the $2.25 billion elected borrowing commitments.