New Chapter 11 Bankruptcy Filing - Memorial Production Partners LP
Memorial Production Partners LP
1/17/17 Recap: Utah-based oil and gas MLP filed bankruptcy to deleverage its balance sheet and swap out the entirety of its senior unsecured notes for equity. Shareholders set to receive a tip.
Jurisdiction: S.D. of Texas
Capital Structure: $700mm funded RCF (Wells Fargo), $646mm '21 7.625% senior unsecured notes, $465mm '22…