May 4, 2017 / 10:44 PM / 3 months ago

BRIEF-Memorial Production Partners successfully completes financial restructuring

1 Min Read

May 4 (Reuters) - Memorial Production Partners Lp:

* Memorial production partners successfully completes financial restructuring

* through its financial restructuring, company eliminated more than $1.3 billion of debt from its balance sheet

* announced that it engaged jefferies as lead advisor and initiated process to explore and evaluate potential strategic alternatives

* it successfully completed its financial restructuring and emerged from chapter 11 as new corporation under name Amplify Energy Corp

* restructuring plan includes divesting non-core assets Source text for Eikon: Further company coverage:

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