Vanguard Natural Resources, LLC (NASDAQ: VNR) (the “Company”) today announced that it has closed the issuance of 325,000 common units representing limited liability company interests in the Company at a price of $28.35 per common unit under the partial exercise of the 1,050,000 common unit over-allotment option granted to the underwriters in connection with its recent public offering of 7,000,000 common units. The Company intends to use the net proceeds from the offering of approximately $8.9 million, after deducting underwriting discounts and estimated offering expenses, to repay a portion of its indebtedness outstanding under its senior secured revolving credit facility. Barclays, J.P. Morgan, UBS Investment Bank, Wells Fargo Securities, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, Morgan Stanley, Raymond James 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: Barclaysc/o Broadridge Financial Solutions1155 Long Island Ave.Edgewood, NY 11717Email: email@example.comPhone: (888) 603-5847 J.P. Morganc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Phone: (866) 803-9204 UBS Investment BankAttention: Prospectus Dept.299 Park AvenueNew York, NY 10171Phone: (888) 827-7275 Wells Fargo SecuritiesAttention: Equity Syndicate Department375 Park AvenueNew York, NY 10152Phone: (800) 326-5897Email: firstname.lastname@example.org BofA Merrill Lynch222 BroadwayNew York, NY 10038Attn: Prospectus DepartmentEmail: email@example.com Citigroupc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Phone: (800) 831-9146Email: firstname.lastname@example.org Deutsche Bank SecuritiesAttention: Prospectus Group60 Wall StreetNew York, NY 10005Phone: (800) 503-4611Email: email@example.com Morgan StanleyAttention: Prospectus Department180 Varick Street, 2nd FloorNew York, NY 10014Phone: (866) 718-1649Email: firstname.lastname@example.org Raymond JamesAttention: Prospectus Department880 Carillon ParkwaySt. Petersburg, FL 33716Phone: (727) 567-2400
RBC Capital MarketsThree World Financial Center200 Vesey Street, 10th FloorNew York, NY 10281-8098Email: CM-USA-Prospectus@rbc.comThe 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 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. About Vanguard Natural Resources, LLC Vanguard Natural Resources, LLC is a publicly traded limited liability company focused on the acquisition and development of mature, long-lived oil and natural gas properties in the United States. The Company's assets consist primarily of producing and non-producing oil and natural gas reserves located in the Arkoma Basin in Arkansas and Oklahoma, the Permian Basin in West Texas and New Mexico, the Big Horn Basin in Wyoming and Montana, the Piceance Basin in Colorado, South Texas, the Williston Basin in North Dakota and Montana, the Wind River and Powder River Basins in Wyoming, and Mississippi. Forward-Looking Statements We make statements in this news release that are considered forward-looking statements within the meaning of the Securities Exchange Act of 1934. These forward-looking statements are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. In addition, management's assumptions about future events may prove to be inaccurate. Management cautions all readers that the forward-looking statements contained in this news release are not guarantees of future performance, and we cannot assure you that such statements will be realized or the forward-looking events and circumstances will occur. Actual results may differ materially from those anticipated or implied in the forward-looking statements due to factors listed in the "Risk Factors" section in our SEC filings and elsewhere in those filings. All forward-looking statements speak only as of the date of this news release. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events or otherwise.