Vanguard Natural Resources, LLC (NYSE: VNR) (the “Company”) today announced the pricing of its public offering of 6,000,000 common units representing limited liability company interests in the Company at a price of $27.51 per unit. The underwriters have been granted a 30-day option to purchase up to an additional 900,000 common units from the Company at the public offering price less the underwriting discount. The offering is expected to close on September 17, 2012, subject to customary closing conditions.
The Company expects to receive net proceeds of approximately $158.5 million (or approximately $182.3 million if the underwriters exercise their option to purchase an additional 900,000 common units), after deducting underwriting discounts and estimated offering expenses, from the offering and intends to use the net proceeds from the offering to repay a portion of its indebtedness outstanding under its senior secured revolving credit facility.
Wells Fargo Securities, BofA Merrill Lynch, Barclays, Citigroup, J.P. Morgan, RBC Capital Markets, Deutsche Bank Securities and UBS Investment Bank are 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
. When available, a copy of the prospectus supplement and accompanying base prospectus relating to the offering also may be obtained from:
Wells Fargo SecuritiesAttn: Equity Syndicate Dept.375 Park AvenueNew York, NY 10152Phone: (800) 326-5897Email:
BofA Merrill Lynch222 Broadway, 7th Floor, New York, NY 10038Attn: Prospectus DepartmentEmail:
Barclaysc/o Broadridge Financial Solutions1155 Long Island Ave.Edgewood, NY 11717Email:
CitigroupAttention: Prospectus Dept., Brooklyn Army Terminal140 58th Street, 8th floorBrooklyn, NY 11220Phone: (800) 831-9146Email:
J.P. Morganc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Phone: (866) 803-9204
RBC Capital MarketsThree World Financial Center200 Vesey Street, 10th FloorNew York, NY 10281-8098Email:
Deutsche Bank Securities Inc.Attention: Prospectus Group60 Wall StreetNew York, NY 10005-2836Email:
Phone: (800) 503-4611
UBS Investment BankAttention: Prospectus Dept.299 Park AvenueNew York, NY 10171Phone: (877) 827-6444, ext. 561 3884