Memorial Resource Development Corp. (NASDAQ: MRD) said on June 23 that it will offer $300 million, in aggregate principal amount, of senior unsecured notes due 2022.

The notes will be offered in a private placement, the company said.

Net proceeds will repay part of the revolving credit facility’s outstanding borrowings, the company said.

Houston-based Memorial Resource Development Corp. acquires, explores and develops domestic oil and natural gas.