Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Vanguard Natural Resources, LLC
Baird served as a co-manager in this offering
Vanguard Natural Resources, LLC (NYSE: VNR) (“VNR” or the “Company”) recently completed a follow-on offering of 6,900,000 common units at a price of $27.51 per unit, generating gross proceeds of approximately $189.8 million. The Company intends to use the net proceeds from this offering to repay outstanding debt under its bank credit facility.
VNR 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. VNR’s properties and oil and natural gas reserves are primarily located in the Permian Basin in West Texas and New Mexico; the Big Horn Basin in Wyoming and Montana; the Arkoma Basin in Arkansas and Oklahoma; the Williston Basin in North Dakota and Montana; Mississippi; and South Texas.