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Memorial Production Partners closes acquisition of oil producing properties


Published Jul 3, 2014
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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