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Memorial Production Partners LP Announces Closing Of Public Offering Of Common Units

Stocks in this article: MEMP

HOUSTON, Dec. 12, 2012 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (Nasdaq:MEMP) announced the closing of its previously announced public offering of 10,500,000 common units representing limited partner interests in MEMP at a price to the public of $17.00 per unit. An additional 1,575,000 units could be sold to the underwriters pursuant to their 30-day option to purchase additional units.

MEMP intends to use the net proceeds from the offering, including its general partner's proportionate capital contribution and after deducting underwriting discounts but before offering expenses, of approximately $171.5 million, and any additional net proceeds from the exercise of the underwriters' option, to fund a portion of the purchase price for MEMP's recently announced acquisition of oil and natural gas properties.

Raymond James, Citigroup, BofA Merrill Lynch, Barclays, RBC Capital Markets and Wells Fargo Securities acted as joint book-running managers for the offering. Oppenheimer & Co., Sanders Morris Harris and Wunderlich Securities acted as co-managers for the offering.

This offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from the offices of:

Raymond James 
Attention Raymond James & Associates
Attn: Equity Syndicate
880 Carillon Parkway 
St. Petersburg, FL 33716 
Telephone: (800) 248-8863
 
Citigroup 
c/o Broadridge Financial Solutions
1155 Long Island Avenue 
Edgewood, NY 11717 
Email: BATProspectusdept@citi.com 
Telephone: (800) 831-9146
 
BofA Merrill Lynch 
Attention: Prospectus Department
222 Broadway
New York, NY 10038
Email: dg.prospectus_requests@baml.com
 
Barclays 
c/o Broadridge Financial Solutions
1155 Long Island Avenue 
Edgewood, NY 11717 
Email: Barclaysprospectus@broadridge.com 
Toll Free: (888) 603-5847
 
RBC Capital Markets
Attention: Equity Syndicate 
Three World Financial Center 
200 Vesey Street, 8th Floor 
New York, NY 10281
Telephone: (877) 822-4089
 
Wells Fargo Securities 
Attention: Equity Syndicate Dept. 
375 Park Avenue 
New York, NY 10152 
Email: cmclientsupport@wellsfargo.com 
Telephone: (800) 326-5897

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission ("SEC"). The registration statement is available on the SEC's web site at http://www.sec.gov under the registrant's name, "Memorial Production Partners LP." This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Memorial Production Partners LP is a Delaware limited partnership that was formed to own and acquire oil and natural gas properties in North America. MEMP's properties are located in South Texas and East Texas/North Louisiana and consist of mature, legacy oil and natural gas reservoirs. MEMP is headquartered in Houston, Texas. 

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