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Vanguard Natural Resources Announces Public Offering of 8M Common Units

Vanguard Natural Resources (NYSE: VNR) today announced that it has commenced a public offering of 8,000,000 common units representing limited liability company interests in the Company, pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on January 18, 2012. The Company will grant the underwriters a 30-day option to purchase up to an additional 1,200,000 common units. The Company intends to use the net proceeds from the offering to repay a portion of its indebtedness outstanding under its senior secured revolving credit facility, which was incurred in part to fund recent acquisitions.

UBS Investment Bank, BofA Merrill Lynch, Barclays, Wells Fargo Securities, Citigroup, Deutsche Bank Securities, J.P. Morgan, Morgan Stanley and RBC Capital Markets will act as joint book-running managers for the offering. An investor may obtain a free copy of the prospectus supplement and accompanying base prospectus relating to the offering by visiting EDGAR on the SEC website at www.sec.gov. When available, a copy of the prospectus supplement and accompanying base prospectus relating to the offering also may be obtained from:

Posted-In: News Offerings

 

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