Vanguard Natural Resources Announces Upsized Pricing of Its Public Offering of $350 Million of Senior Unsecured Notes

Vanguard Natural Resources, LLC VNR and its subsidiary VNR Finance Corp. today announced the pricing of a public offering of $350 million aggregate principal amount of 7.875% senior unsecured notes due 2020 at a public offering price of 99.274%. The offering size was increased to $350 million from $300 million. The Company intends to use a portion of the net proceeds from this offering to repay all indebtedness outstanding under its senior secured second lien term loan facility, and it plans to apply the balance of the net proceeds to outstanding borrowings under its senior secured reserve-based credit facility. The offering is expected to close on April 4, 2012, subject to customary closing conditions.