Vanguard Natural Resources Announces Additional Purchase of Additional 1.07M Common Units by Underwriters

Vanguard Natural Resources, LLC VNR today announced that the underwriters of its recent public offering of common units representing limited liability company interests in the Company have exercised their option to purchase an additional 1,070,588 Common Units pursuant to the full exercise of their over-allotment option. The proceeds to the Company of the over-allotment option exercise will be approximately $28.5 million, net of underwriting discounts and estimated offering expenses. Vanguard will use the net proceeds from the exercise of the over-allotment option to repay indebtedness outstanding under its term loan facility and senior secured revolving credit facility. Delivery of the over-allotment common units is expected to occur on January 30, 2012, subject to customary closing conditions.