Deal Details
Follow-on Offering
Summary
Baird served as a co-manager in this offering.
About
Legacy Reserves LP (Nasdaq: LGCY) (the “Partnership”) recently completed a follow-on offering of 3,450,000 common units, representing limited partnership interests in the Partnership at a price of $25.36 per unit. The offering generated gross proceeds of $87.5 million. The Partnership intends to use the net proceeds of this offering to fund a portion of the purchase price of an acquisition of working interests in properties in the Permian Basin.Legacy Reserves LP is an independent oil and natural gas master limited partnership headquartered in Midland, Texas, focused on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, Mid-Continent and Rocky Mountain regions of the United States.
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- Date
- November 2010
- Company
- Legacy Reserves LP
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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