Deal Details
Follow-on Offering
Summary
Baird served as a co-manager in this offering.
About
Vanguard Natural Resources, LLC (NYSE: VNR) (the “Company”) recently completed a follow-on offering of 4,772,500 common units, representing limited liability company interests in the Company at a price of $25.40 per unit. The offering generated gross proceeds of $121.2 million. The Company intends to use the net proceeds from the offering to repay indebtedness outstanding under its reserve-based credit facility and to repurchase 75,000 common units each from the Majeed S. Nami Personal Endowment and the Majeed S. Nami Irrevocable Trust.Vanguard Natural Resources, LLC is a publicly traded limited liability company focused on the acquisition, production and development of natural gas and oil properties. The Company's assets consist primarily of producing and non-producing natural gas and oil reserves located in the southern portion of the Appalachian Basin, the Permian Basin, South Texas and Mississippi.
For additional information about this transaction, please contact:
- Date
- October 2010
- Company
- Vanguard Natural Resources, LLC
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
Share
