Memorial Resource Development Borrowing Base Reaffirmed at $1.0 Billion
HOUSTON, April 11, 2016 (GLOBE NEWSWIRE) — Memorial Resource Development Corp. (Nasdaq:MRD) today announced that the existing borrowing base under its $2.0 billion multi-year revolving credit facility was reaffirmed by its bank group, comprised of 20 lenders, at $1.0 billion following its fiscal year-end reserves review and regularly scheduled semi-annual redetermination. MRD’s revolving credit facility matures in June 2019, and