Memorial Production slates $300 million eight-year notes for late-week pricing

By Paul A. Harris

Portland, Ore., April 8 - Memorial Production Partners LP plans to price a $300 million offering of eight-year senior notes late this week, according to a syndicate source.

Wells Fargo Securities LLC is the left bookrunner. J.P. Morgan Securities LLC, Barclays, BofA Merrill Lynch, Citigroup Global Markets and RBC Capital Markets are the joint bookrunners. Comerica Securities, Mitsubishi UFJ, Natixis and US Bancorp are the co-managers.

The Rule 144A and Regulation S with registration rights notes come with four years of call protection.

Proceeds will be used to repay revolver debt.

The Houston-based energy partnership owns, acquires and exploits oil and natural gas properties in North America.

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