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BRIEF-Memorial Production Partners LP reaches plan support agreement with lenders on comprehensive financial restructuring to deleverage balance sheet
January 13, 2017 / 9:18 PM / 10 months ago

BRIEF-Memorial Production Partners LP reaches plan support agreement with lenders on comprehensive financial restructuring to deleverage balance sheet

Jan 13 (Reuters) - Memorial Production Partners Lp :

* Memorial Production Partners Lp reaches plan support agreement with lenders on comprehensive financial restructuring to deleverage balance sheet

* Memorial production partners-operations and production are expected to continue as normal throughout court-supervised financial restructuring process

* Memorial production partners - agreement includes terms of financial restructuring plan is expected to eliminate more than $1.3 billion of debt from co’s balance sheet

* Memorial production partners-holders of about 67.6% of notes have agreed to terms of plan support agreement with noteholders Source text for Eikon: Further company coverage:

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