Memorial Production Partners LP Announces Public Offering of Common Units

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| Source: Memorial Production Partners

HOUSTON, Sept. 3, 2014 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (Nasdaq:MEMP) announced today that it has commenced an underwritten public offering of 13,000,000 common units representing limited partner interests in MEMP. The underwriters will be granted a 30-day option to purchase up to an additional 1,950,000 common units.

MEMP intends to use the net proceeds from the offering, including the proceeds from any exercise of the option to purchase additional common units, to repay a portion of the outstanding borrowings under its revolving credit facility.

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

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

UBS Investment Bank
Attn: Prospectus Dept.
299 Park Avenue
New York, NY 10171
Telephone: (888) 827-7275
 
Raymond James 
Attn: Equity Syndicate
880 Carillon Parkway 
St. Petersburg, FL 33716 
Email: prospectus@raymondjames.com
Telephone: (800) 248-8863
 
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: prospectus@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
 
Morgan Stanley
Attention: Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014
 
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

An electronic copy of the preliminary 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.

Memorial Production Partners LP is a publicly traded partnership engaged in the acquisition, production and development of oil and natural gas properties in the United States. MEMP's properties consist of mature, legacy oil and natural gas fields. MEMP is headquartered in Houston, Texas. 

Forward-Looking Statements

This press release may include "forward-looking statements." All statements, other than statements of historical facts, included in this press release that address activities, events or developments that MEMP expects, believes or anticipates will or may occur in the future are forward-looking statements, such as the statement regarding MEMP's use of the net proceeds as indicated above. These statements are based on certain assumptions made by MEMP based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of MEMP, which may cause MEMP's actual results to differ materially from those implied or expressed by the forward-looking statements. Please read MEMP's filings with the SEC for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by these cautionary statements. MEMP undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.

Memorial Production Partners LP
Ronnetta Eaton - Manager, Investor Relations
(713) 588-8350