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Memorial Production Partners LP prices USD100m offering of additional senior notes.

M2 EQUITYBITES-May 21, 2013-Memorial Production Partners LP prices USD100m offering of additional senior notes(C)2013 M2 COMMUNICATIONS http://www.m2.com

Oil company Memorial Production Partners LP (NasdaqGS:MEMP) and its Memorial Production Finance Corporation wholly owned subsidiary on Monday jointly priced the additional offering of USD100m in aggregate principal amount of their 7.625% senior unsecured notes due 2021.

The companies stated that the previous existing notes and the today's additional notes will be treated as a single class under the indenture.

According to the companies, the additional notes will be issued at an offering price of 102% of the principal amount for a yield to worst of 7.202%.

Net proceeds will be used by MEMP to reduce debt outstanding under its revolving credit facility and for general partnership purposes.

Subject to customary closing conditions, the offering is expected to close on 23 May 2013.

((Comments on this story may be sent to info@m2.com)).END.PUB430>PDMay 21, 2013>JNM2 EQUITYBITES.PRICEDATENOT APPLICABLE.DAY

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Publication:M2 EquityBites (EQB)
Date:May 21, 2013
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