Vanguard Natural Resources Announces Public Offering of Common Units
Wednesday 29 May 2013
Vanguard Natural Resources, LLC (NASDAQ: VNR) (the “Company”) today announced that it has commenced a public offering of 7,000,000 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 1,050,000 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.
