Memorial Resource Development Corp. - 2015-09-21

Description

Increased the borrowing base of its senior secured revolving credit facility to $1 billion from $725 million, after completing its mid-year reserves review and regular semi-annual redetermination. As of June 30, it had $560 million of available borrowing capacity. Proceeds will be used to finance the acquisition of acreage in North Louisiana, working capital and its capex.

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Estimated Price
$1,000.0MM
Financing Type
Report Date