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Vanguard Natural Resources, LLC Message Board

  • rlp2451 rlp2451 Jan 30, 2013 4:14 PM Flag

    VNR Secondary 8,000,000 Units

    Vanguard Natural Resources, LLC (NYSE: VNR) (the "Company") 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.

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