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Memorial Production Partners LP Announces Closing Of Public Offering Of Common Units And Full Exercise Of Underwriters' Option To Purchase Additional Common Units

Tuesday, 8 Oct 2013 04:05pm EDT 

Memorial Production Partners LP announced the closing of its previously announced public offering of common units representing limited partner interests in MEMP. Including the underwriters' option to purchase additional common units, which was exercised in full, MEMP sold a total of 16,675,000 common units at a price to the public of $19.90 per common unit. MEMP intends to use the net proceeds from the offering of approximately $319.2 million, including its general partner's proportionate capital contribution and after deducting underwriting discounts but before offering expenses, to repay a portion of the outstanding borrowings under its revolving credit facility. BofA Merrill Lynch, Barclays, Citigroup, Goldman, Sachs & Co., J.P. Morgan, Raymond James, RBC Capital Markets, UBS Investment Bank, and Wells Fargo Securities acted as joint book-running managers for the offering. Oppenheimer, Sanders Morris Harris, MLV & Co., and Wunderlich Securities acted as co-managers for the offering. 

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