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On June 4, 2013, Vanguard Natural Resources, LLC
VNR (the
“Company”) closed its previously announced public offering of 7,000,000
common units representing limited liability company interests in the
Company at a price of $28.35 per common unit. The underwriters have been
granted a 30-day option to purchase up to an additional 1,050,000 common
units from the Company at the public offering price less the
underwriting discount.
The Company intends to use the net proceeds from the offering of
approximately $190.9 million, after deducting underwriting discounts and
estimated offering expenses, to repay a portion of its indebtedness
outstanding under its senior secured revolving credit facility.
Barclays, J.P. Morgan, UBS
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