Memorial Resource Development Corp. (Nasddaq: MRD) has announced the pricing of an underwritten public offering by certain selling stockholders of 30,000,000 shares of common stock at $23.00 per share. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 4,500,000 shares of common stock. The offering is expected to close on November 18, 2014, subject to customary closing conditions. MRD will not sell any shares of common stock in the offering and will not receive any proceeds therefrom. Citigroup and Barclays are acting as joint book-running managers for the offering. BofA Merrill Lynch, BMO Capital Markets, Goldman, Sachs & Co., J.P. Morgan, Raymond James, RBC Capital Markets and Wells Fargo Securities are also acting as book-running managers for the offering.
MRD is based in Houston.
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