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Memorial Production will price $60 million public sale of common units
Bookrunners UBS Securities, FBR Capital Markets will assist with sales
By Devika Patel
Knoxville, Tenn., May 25 – Memorial Production Partners LP will conduct a $60 million public offering of common units, according to a preliminary prospectus supplement filed Wednesday with the Securities and Exchange Commission.
UBS Securities LLC and FBR Capital Markets & Co. are the bookrunners.
Proceeds will be used for general partnership purposes, including repaying or refinancing debt, working capital, capital expenditures and acquisitions.
Memorial is an oil and natural gas company based in Houston.
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