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Vanguard Natural Resources Announces Pricing Of Its Public Offering Of Series A Preferred Units

Stocks in this article: VNR

Vanguard Natural Resources, LLC (NASDAQ: VNR) (the “Company”) today announced the pricing of its public offering of 2,200,000 7.875% Series A Cumulative Redeemable Perpetual Preferred Units (“Series A Preferred Units”) at a price of $25.00 per unit. The underwriters have been granted a 30-day option to purchase up to an additional 330,000 Series A Preferred Units from the Company at the public offering price less the underwriting discount. Distributions will be payable on the Series A Preferred Units at an initial rate of 7.875% per annum of the stated liquidation preference of $25.00. The offering is expected to close on June 19, 2013, subject to customary closing conditions.

The Company expects to receive net proceeds of approximately $53.0 million (or approximately $61.0 million if the underwriters exercise their option to purchase an additional 330,000 Series A Preferred 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.

Barclays, Credit Suisse, Stifel and MLV & Co. 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:

Barclaysc/o Broadridge Financial Solutions1155 Long Island Ave.Edgewood, NY 11717Email: barclaysprospectus@broadridge.comPhone: (888) 603-5847

Credit SuisseAttn: Prospectus DepartmentOne Madison AvenueNew York, NY 10010Email: newyork.prospectus@credit-suisse.comPhone: (800) 221-1037

StifelAttn: Syndicate DepartmentOne South Street, 15th FloorBaltimore, MD 21202Phone: (855) 300-7136

MLV & Co.Attn: Randy Billhardt1251 Avenue of the Americas, 41st FloorNew York, NY 10020Phone: (212) 542-5882

The shelf registration statement, as amended, 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 Series A Preferred 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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