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Memorial Production Partners closes acquisition of oil producing properties


Published Jul 3, 2014
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Memorial Production Partners LP

Memorial Production Partners has closed its previously announced acquisition of certain oil producing properties in Wyoming for approximately $915 million, subject to customary post-closing adjustments.

In conjunction with the closing of the acquisition, MEMP amended its $2.0 billion multi-year revolving credit facility, increasing its borrowing base from $870 million to $1.44 billion.

MEMP also increased the number of lenders under its credit facility from 23 to 28. The acquisition was funded with borrowings under MEMP's revolving credit facility.

Tags: Memorial Production Partners LP




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