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MEMP closes acquisition, increases borrowing base

Memorial Production Partners LP

Memorial Production Partners LP (Nasdaq:MEMP) has closed its acquisition of certain oil producing properties in Wyoming for approximately $915 million.

In conjunction with the closing of the acquisition, MEMP amended its $2.0 billion multi-year revolving credit facility, increasing its borrowing base from $870 million to $1.44 billion. MEMP also increased the number of lenders under its credit facility from 23 to 28. The acquisition was funded with borrowings under MEMP's revolving credit facility.

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