Market Overview

Vanguard Natural Resources Announces Public Offering of Series A Preferred Units

Vanguard Natural Resources, LLC (NASDAQ: VNR) (the “Company”) today announced that it has commenced a public offering of Series A Cumulative Redeemable Perpetual Preferred Units (“Series A Preferred Units”) pursuant to an effective shelf registration statement on Form S-3, as amended, filed with the Securities and Exchange Commission (the “SEC”). The Company will grant the underwriters a 30-day option to purchase additional Series A Preferred 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.

Barclays, Credit Suisse, Stifel and MLV & Co. 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 Financing

 

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