Memorial Production Partners LP (NASDAQ: MEMP) and Memorial Production Finance Corp. will offer $500 million, in aggregate principal amount, of senior unsecured notes due 2022, Memorial Production Partners said July 14.
The company and its wholly owned subsidiary will offer the notes in a private placement, the company added.
Net proceeds will repay part of the outstanding revolving credit facility borrowings, and will also support general partnership purposes, the company said.
Houston-based Memorial Production Partners LP acquires, produces and develops domestic oil and natural gas properties.Recommended Reading
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