Vanguard Natural Resources (VNR) Enters Amended $200M Equity Distribution Agreement with Knight Capital (KCG) Unit
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Vanguard Natural Resources, LLC (NYSE: VNR) has entered into an amended and restated equity distribution agreement with Knight Capital Americas, L.P., as successor in interest to Knight Capital Markets LLC, a subsidiary of Knight Capital Group, Inc. (NYSE: KCG).
Under the terms of the Agreement, Vanguard has extended, for an additional three years, its existing agreement with KCA to act as Vanguard's exclusive distribution agent with respect to the issuance and sale of Vanguard common units up to an aggregate gross sales price of $200 million. Of the $200 million of the common units under the Agreement, $115 million of the common units may be issued pursuant to Vanguard’s existing shelf registration statement on Form S-3.
Under the terms of the Agreement, Vanguard has extended, for an additional three years, its existing agreement with KCA to act as Vanguard's exclusive distribution agent with respect to the issuance and sale of Vanguard common units up to an aggregate gross sales price of $200 million. Of the $200 million of the common units under the Agreement, $115 million of the common units may be issued pursuant to Vanguard’s existing shelf registration statement on Form S-3.
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