Follow-On Offering

Energy
Follow-On Offering

Summary

Baird served as a co-manager on this offering

About

Vanguard Natural Resources, LLC (NYSE: VNR) (“VNR” or the “Company”) recently completed a follow-on offering of 9,200,000 common units at a price of $27.85 per unit, generating gross proceeds of approximately $256.2 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 Piceance Basin in Colorado; the Powder River Basin in Wyoming; the Wind River Basin in Wyoming; the Arkoma Basin in Arkansas and Oklahoma; the Williston Basin in North Dakota and Montana; Mississippi; and South Texas. VNR is headquartered in Houston, Texas.

For additional information about this transaction, please contact:

Frank Murphy (314) 445-6532
Curtis Goot (314) 445-6540
Kjell Lundal (314) 445-6533
Gary Placek (414) 765-3611
Energy
Follow-On Offering
Date
January 2013
Company
Vanguard Natural Resources, LLC
Transaction
M&A
Sectors
Energy
Target Location
North America

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