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

HOUSTON, Oct. 2, 2013 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (Nasdaq:MEMP) announced today the pricing of its public offering of 14,500,000 common units representing limited partner interests in MEMP at a price to the public of $19.90 per unit. MEMP has granted the underwriters a 30-day option to purchase up to an additional 2,175,000 common units. The offering is expected to close on October 8, 2013, subject to customary closing conditions.

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 $277.6 million (or approximately $319.2 million if the underwriters exercise their option to purchase additional units in full) to repay a portion of the outstanding borrowings under its revolving credit facility.

BofA Merrill Lynch, Barclays, Citigroup, Goldman, Sachs & Co., J.P. Morgan, Raymond James, RBC Capital Markets, UBS Investment Bank, and Wells Fargo Securities are acting as joint book-running managers for the offering. Oppenheimer, Sanders Morris Harris, MLV & Co., and Wunderlich Securities are acting as co-managers for the offering.

This offering is being made only by means of a prospectus supplement and accompanying prospectus. A copy of the prospectus supplement and accompanying prospectus relating to this offering may be obtained from the offices of:

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
Telephone: (888) 603-5847
 
Citigroup 
c/o Broadridge Financial Solutions
1155 Long Island Avenue 
Edgewood, NY 11717 
Email: BATProspectusdept@citi.com
Telephone: (800) 831-9146
 
Goldman, Sachs & Co.
Attn: Prospectus Department
200 West Street
New York, NY 10282
Email: prospectus-ny@ny.email.gs.com
Telephone: (866) 471-2526
 
J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (866) 803-9204
 
Raymond James 
Attn: Equity Syndicate
880 Carillon Parkway 
St. Petersburg, FL 33716 
Email: prospectus@raymondjames.com
Telephone: (800) 248-8863
 
RBC Capital Markets
Attention: Equity Syndicate 
Three World Financial Center 
200 Vesey Street, 8th Floor 
New York, NY 10281
Telephone: (877) 822-4089
 
UBS Investment Bank
Attn: Prospectus Dept.
299 Park Avenue
New York, New York 10171
Telephone: (888) 827-6444
 
Wells Fargo Securities 
Attention: Equity Syndicate Dept. 
375 Park Avenue 
New York, NY 10152 
Email: cmclientsupport@wellsfargo.com
Telephone: (800) 326-5897

An electronic copy of the prospectus supplement and accompanying prospectus may also be obtained at no charge at the Securities and Exchange Commission's ("SEC") website at www.sec.gov .

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus supplement and accompanying prospectus, each of which is part of an effective shelf registration statement filed by MEMP with the SEC.

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