Vanguard Closes Offering of 6.9M Shares at $27.51 Per Unit

September 17, 2012 4:11 PM EDT
Vanguard Natural Resources, LLC (NYSE: VNR) (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.

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