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Stock Market & Financial Investment News

News Breaks
October 10, 2012
07:03 EDTMTDRMatador Resources increases credit facility
Matador Resources announced that MRC Energy Company, a wholly-owned subsidiary of the Company, closed an amended and restated senior secured revolving credit agreement on September 28. Under the Credit Agreement, the borrowing base was increased to $200M, up from the previous borrowing base of $125M. The amendment increased the maximum facility size from $400M to $500M and named Royal Bank of Canada as Administrative Agent. The Credit Agreement matures in December 2016. The Company plans to use the increased borrowing capacity along with its operating cash flows for working capital and general corporate purposes and, in particular, to continue to execute its Eagle Ford drilling program in South Texas.
News For MTDR From The Last 14 Days
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September 18, 2014
07:53 EDTMTDRMatador remains a top pick, says Canaccord
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September 8, 2014
08:05 EDTMTDRMatador increases borrowing base to $450M from $385M
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