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Vanguard Natural Resources Announces Closing Of Its Public Offering Of 8,000,000 Common Units Including A Full Exercise Of The Underwriters’ Option To Purchase Additional Common Units

Vanguard Natural Resources, LLC (NYSE: VNR) (the “Company”) today announced the closing of its previously announced public offering of 8,000,000 common units representing limited liability company interests in the Company at a price of $27.85 per unit. The total of 9,200,000 common units includes the 8,000,000 common units and an additional 1,200,000 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 $246.1 million, after deducting underwriting discounts and estimated offering expenses, to repay a portion of its indebtedness outstanding under its senior secured revolving credit facility.

UBS Investment Bank, BofA Merrill Lynch, Barclays, Wells Fargo Securities, Citigroup, Deutsche Bank Securities, J.P. Morgan, Morgan Stanley and RBC Capital Markets 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 www.sec.gov. When available, a copy of the prospectus supplement and accompanying base prospectus relating to the offering also may be obtained from:

 
UBS Investment Bank
Attention: Prospectus Dept.
299 Park Avenue
New York, NY 10171
Phone: (888) 827-7275
 
BofA Merrill Lynch
222 Broadway
New York, NY 10038
Attention: Prospectus Department

Email: dg.prospectus_requests@baml.com

 
Barclays
c/o Broadridge Financial Solutions
1155 Long Island Ave.
Edgewood, NY 11717

Email: barclaysprospectus@broadridge.com

Phone: (888) 603-5847
 
Wells Fargo Securities
Attention: Equity Syndicate Department
375 Park Avenue
New York, NY 10152
Phone: (800) 326-5897

Email: cmclientsupport@wellsfargo.com

 
Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: (800) 831-9146

Email: batprospectusdept@citi.com

 
Deutsche Bank Securities
Attention: Prospectus Group
60 Wall Street
New York, NY 10005
Phone: (800) 503-4611

Email: prospectus.cpdg@db.com

 
J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: (866) 803-9204
 
Morgan Stanley
Attention: Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014
Phone: (866) 718-1649

Email: prospectus@morganstanley.com

 
RBC Capital Markets
Three World Financial Center
200 Vesey Street, 10th Floor
New York, NY 10281-8098

Email: CM-USA-Prospectus@rbc.com

 

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.

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