Memorial Production to pay down revolver via common unit offering

By Tali Rackner

Norfolk, Va., July 9 – Memorial Production Partners LP plans to repay a portion of the outstanding borrowings under its revolving credit facility with the proceeds from a common units offering, according to a press release.

The repayment will also be funded with proceeds from any exercise of the option to purchase additional common units.

Memorial Production Partners is a Houston-based energy partnership.

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