Text Size:
A | A

Memorial Production Partners Prices Offering

Text Size: A | A
 
July 10, 2014

Memorial Production Partners LP (NASDAQ: MEMP) priced its public offering of 8.6 million common units, representing limited partner interests, for about $193.5 million in total gross proceeds, the company said July 10.

Underwriters were granted a monthlong option to purchase up to 1.3 million additional units, the company said.

The offer is scheduled to close July 15, Memorial Production Partners said.

The net proceeds will repay part of the revolving credit facility’s outstanding borrowings, the company said. Citigroup Inc. (NYSE: C) and Barclays Plc (NYSE: BCS) are joint book-running managers, ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription