Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

  emailEmail
  Back to Financing Database

Memorial Resource Development Holds Offering to Fund Latest Deal

Memorial Resource Development Corp. has priced an underwritten public offering of 12,000,000 shares of its common stock at a price to the public of $17.60 per share. The offering was upsized to 12,000,000 shares of common stock from the original offering size of 10,250,000 shares of common stock.

MRD has granted the underwriter an option to purchase up to 1,800,000 additional shares of common stock.

MRD intends to use the net proceeds from this offering, and any proceeds from the exercise of the underwriter's option to purchase additional shares, to fund a portion of the purchase price of MRD's recently announced pending acquisition of producing and non-producing properties in North Louisiana. If MRD does not complete the pending acquisition, it will use the net proceeds from the offering for general corporate purposes, which may include repayment of a portion of the outstanding borrowings under MRD's senior secured revolving credit facility.

Barclays is acting as sole book-running manager for the offering.

Announced Date
September 22,2015
Value  ( $MM )
211.2
Type
Debt
Use of Fund
Fund Acquisition
Company
Memorial Resource Development Corp.
Underwriter
/Book Runner
Barclays Plc
Regions
United States,Ark-La-Tex - East Texas,Ark-La-Tex
Country
United States
Play
Cotton Valley,Bossier,Haynesville-Bossier-CottonValley

Contacts
Memorial Resource Development Corp.
Alan Farquharson
 Sr. Vice President - Reservoir Engineering & Economics
 Houston ,Texas ,77002
 713.588.8300

Allen Finkelson
 Director
 Houston ,Texas ,77002
 713.588.8300

Anthony Dub
 Director
 Houston ,Texas ,77002
 713.588.8300

Brenda Cline
 Director
 Houston ,Texas ,77002
 713.588.8300

Chad Stephens
 Sr. Vice President - Corporate Development
 Houston ,Texas ,77002
 713.588.8300

Christopher Helms
 Director
 Houston ,Texas ,77002
 713.588.8300

David Poole
 Sr. Vice President - General Counsel & Corporate Secretary
 Houston ,Texas ,77002
 713.588.8300

Dori Ginn
 Sr. Vice President - Controller & Principal Accounting Officer
 Houston ,Texas ,77002
 713.588.8300

Gregory Maxwell
 Director
 Houston ,Texas ,77002
 713.588.8300

James Funk
 Director
 Houston ,Texas ,77002
 713.588.8300

Jeffrey Ventura
 Director
 Houston ,Texas ,77002
 713.588.8300

Jeffrey Ventura
 Chairman, President & CEO
 Houston ,Texas ,77002
 713.588.8300

John Applegath
 Sr. Vice President - Northern Louisiana
 Houston ,Texas ,77002
 713.588.8300

Kevin McCarthy
 Director
 Houston ,Texas ,77002
 713.588.8300

Mary Ralph Lowe
 Director
 Houston ,Texas ,77002
 713.588.8300

Ray Walker, Jr.
 Executive Vice President - Chief Operating Officer
 Houston ,Texas ,77002
 713.588.8300

Robert Innamorati
 Director
 Houston ,Texas ,77002
 713.588.8300

Roger Manny
 Executive Vice President Chief Financial Officer
 Houston ,Texas ,77002
 713.588.8300

Steffen Palko
 Director
 Houston ,Texas ,77002
 713.588.8300


United States Related Financings

Announced Date Title Company Value($MM) Financing Type
2022-08-29 Tellurian Launches Offering of 11.25% Senior Notes Due 2027 Tellurian Inc. Debt
2022-08-08 Williams Prices $1.75B Public Debt Offering Williams Companies, Inc. 1,750 Debt
2021-01-06 Crestwood Midstream Launches Private $700MM Debt Offering at 6% Crestwood Midstream Partners Lp 700 Debt
2020-12-17 EnLink Midstream Prices $500MM Debt Offering EnLink Midstream, LLC 500 Debt

Ark-La-Tex Related Financings

Announced Date Title Company Value($MM) Financing Type
2021-06-14 Comstock Launches $965 Million Private Debt Offering Comstock Resources Inc. 965 Debt
2021-01-19 Indigo Launches $700MM Private Debt Offering Indigo Natural Resources LLC 700 Debt
2020-08-18 Range Resources Launches $200MM Private Debt Offering at 9.25% Range Resources Corp 200 Debt
2020-08-17 Comstock Taps Debt Markets for $300 Million at 9.78% Comstock Resources Inc. 300 Debt