UPDATE: Memorial Production Partners (MEMP) Said to Weigh Options, Including Bankruptcy
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(Updated - October 28, 2016 3:55 PM EDT)
Memorial Production Partners (Nasdaq: MEMP) said to weigh options, including bankruptcy, according to Bloomberg.
UPDATE - News comes as the company make look to restructure its current debt situations
MEMP may skip making a $25 million interest payment, which is due November 1st. The company is saddled with around $1.8 billion in debt.
MEMP will get a 30-day grace period after skipping the payment, giving the company time to negotiate with creditors.
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