Matador Resources' RBL borrowing base increases to $3.25 billion, and San Mateo bank commitments also rise unanimously.
Dallas-based Matador Resources Company (NYSE: MTDR) announced that the borrowing base under its reserves-based loan credit facility (the “RBL”) has been successfully redetermined at $3.25 billion by all nineteen members in the bank group. Additionally, all sixteen lenders in San Mateo Midstream, LLC’s revolving credit facility have unanimously agreed to renew and increase their commitment.
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