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Vanguard Natural Resources Announces Public Offering Of Series B Preferred Units

Vanguard Natural Resources, LLC (NASDAQ: VNR) (the “Company”) today announced that it has commenced a public offering of Series B Cumulative Redeemable Perpetual Preferred Units (“Series B Preferred Units”) pursuant to an effective shelf registration statement on Form S-3, as amended, filed with the Securities and Exchange Commission (the “SEC”). The Company will grant the underwriters a 30-day option to purchase additional Series B Preferred 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.

Morgan Stanley, UBS Investment Bank, Barclays, Stifel, Credit Suisse and MLV & Co. will act as 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:

Morgan Stanley
Attn: Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014

Email: prospectus@morganstanley.com

 
UBS Investment Bank
Attn: Prospectus Dept.
299 Park Avenue
New York, New York 10171

Phone: (877) 827-6444

Attn: Prospectus Specialist

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

Email: barclaysprospectus@broadridge.com

Phone: (888) 603-5847
 
Stifel
Attn: Syndicate Department
One South Street, 15th Floor
Baltimore, MD 21202
Phone: (855) 300-7136
 
Credit Suisse

Attn: Prospectus Department

One Madison Avenue
New York, NY 10010

Email: newyork.prospectus@credit-suisse.com

Phone: (800) 221-1037
 
MLV & Co.
Attn: Randy Billhardt
1251 Avenue of the Americas, 41st Floor
New York, NY 10020
Phone: (212) 542-5882

The shelf registration statement, as amended, relating to these securities has previously been filed with 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 B 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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