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BRIEF-Memorial Production Partners receives extension of waiver under credit facility
December 1, 2016 / 11:15 AM / 10 months ago

BRIEF-Memorial Production Partners receives extension of waiver under credit facility

Dec 1 (Reuters) - Memorial Production Partners LP -

* Memorial Production Partners LP enters into forbearance agreement with noteholders and receives extension of waiver under credit facility

* Agreement with certain shareholders who hold 51.7% of partnership’s 7.625% senior notes due 2021

* Agreement with certain shareholders who hold 69% of partnership’s 6.875% senior notes due 2022

* Forbearance agreement extends through December 7, 2016

* Operations are continuing as normal across memp’s asset base

* Reached agreement with lenders under its revolving credit facility to extend through Dec 16 previously granted waiver Source text for Eikon: Further company coverage:

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