Vanguard Natural Resources, LLC (NYSE: VNR) (the “Company”) today announced the closing of its previously announced public offering of 6,900,000 common units representing limited liability company interests in the Company at a price of $27.51 per unit. The 6,900,000 common units include 900,000 common units purchased pursuant to the underwriters’ full exercise of their option to purchase additional common units.
The Company intends to use the net proceeds from the offering of approximately $182.3 million, after deducting underwriting discounts and estimated offering expenses, 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
. 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 FloorNew 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
The shelf registration statement relating to these securities has previously been filed with the Securities and Exchange Commission (the “SEC”) and automatically deemed effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy common units or any other securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of these securities may be made only by means of the prospectus supplement and the related base prospectus.