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 6.875% senior unsecured notes (Wilmington Trust)  
• Company Professionals:
  • Legal: Weil (Gary Holtzer, Alfredo Perez, Joseph Smolinsky, Edward Soto, Gabriel Morgan, Scott Bowling)
  • Financial Advisor: AlixPartners LLC (John Castellano)
  • Investment Banker: Perella Weinberg Partners
  • Claims Agent: Rust Bankruptcy/Omni Consulting (*click on company name for docket)
• Other Parties in Interest:
  • Ad Hoc Group of Noteholders (Trust Asset Management, Brigade Capital Management, Citadel, Fir Tree Partners)
    • Legal: Davis Polk & Wardwell LLP (Brian Resnick, Angela Libby)
    • Financial Advisor: Miller Buckfire & Co., LLC
  • Wells Fargo
    • Legal: Linklaters LLP (Margot Schonholtz, Penelope Jensen, Christopher Hunker) & (local) Vinson & Elkins LLP (Paul E. Heath, Bradley Foxman)
  • Wilmington Trust
    • Legal: Stroock Stroock & Lavan LLP (Erez Gilad)

Updated 1/21/17