Matador Resources Company Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 5.875% Senior Notes Due 2026

Matador Resources Company (NYSE: MTDR) (“Matador”) today announced the expiration and results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% Senior Notes due 2026 (the “Notes”).

The Tender Offer expired at 5:00 p.m., New York City time, on April 1, 2024 (the “Expiration Time”). As of the Expiration Time, an aggregate principal amount of $556,325,000, or approximately 80%, of the Notes were validly tendered and not validly withdrawn, which amount excludes $7,686,000 aggregate principal amount of the Notes that remain subject to guaranteed delivery procedures described in the Offer to Purchase and the Notice of Guaranteed Delivery (each as defined below). Matador has accepted for purchase all Notes validly tendered prior to the Expiration Time pursuant to the Tender Offer and expects to pay the consideration (the “Consideration”) for such Notes on April 2, 2024 (the “Settlement Date”). Matador also expects to accept for purchase all Notes that remain subject to guaranteed delivery procedures and to pay the Consideration for such Notes on April 4, 2024.

The Consideration to be paid for the Notes is $1,000.75 for each $1,000 principal amount of the Notes validly tendered and accepted for purchase pursuant to the Tender Offer, plus an amount equal to any accrued and unpaid interest up to, but not including, the Settlement Date. For the avoidance of doubt, interest on the Notes will cease to accrue on the Settlement Date for all Notes accepted in the Tender Offer. All Notes accepted in the Tender Offer will be canceled and retired by Matador.

Matador intends to exercise its optional right, under the indenture governing the Notes, to redeem any Notes outstanding on September 15, 2024 and, in accordance therewith, to satisfy and discharge its obligations under such indenture.

The Tender Offer is being made pursuant to the terms and conditions contained in the offer to purchase (the “Offer to Purchase”) and related notice of guaranteed delivery (the “Notice of Guaranteed Delivery”), each dated March 26, 2024, copies of which may be requested from the information agent for the Tender Offer, Global Bondholder Services Corporation, at [phone] (brokers and banks) and [phone] (all others; toll-free), by email at [e-mail] or via the following web address: www.gbsc-usa.com/matadorresources. BofA Securities, Inc. is acting as Dealer Manager for the Tender Offer. Questions regarding the Tender Offer may be directed to the Dealer Manager at [phone] (collect) and [phone] (toll-free), or by email at [e-mail].