Dallas-based Matador Resources buys EnCap-backed Advance Energy for $1.6B
January 25, 2023 at 12:31 PM EST
Matador management expects to close the transaction early in the second quarter. The company plans to fund it with cash on hand, free cash flow before closing and borrowings under the company’s credit agreement, which was recently boosted by 13% to $2.25 billion.
