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LRR Energy, L.P. Message Board

  • mobettafred mobettafred Aug 28, 2013 7:26 PM Flag

    LRR Energy, L.P. Files New Universal Shelf Registration Statement

    HOUSTON--(BUSINESS WIRE)-- LRR Energy, L.P. (NYSE:LRE) ("LRR Energy") announced today that it has filed a new universal shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC") to replace its current shelf registration statement filed in 2012. Upon being declared effective by the SEC, the shelf registration statement will allow LRR Energy the flexibility to offer and sell from time to time up to $400 million of common units, preferred units, debt securities and guarantees of debt securities.

    LRR Energy currently has no specific plans to issue securities under the new shelf registration statement. Upon being declared effective by the SEC, the new shelf registration statement will allow LRR Energy to move quickly to take advantage of acquisition opportunities and related financing when and if such opportunities arise.

    The new shelf registration statement is subject to review by the SEC and has not yet been declared effective by the SEC. Accordingly, the securities covered by the new shelf registration statement may not be sold nor may offers to buy be accepted prior to the time the new shelf registration statement becomes effective.
    see business wire for rest of press release

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    • exactly what they are selling is not sure in my mind. some mention of selling the subordinated shares were made this would create a new class of stock since the distribution would not be equal between the two. perhaps the subordinated shares can be converted to common shares after a specified time period?

 
LRE
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