Baird served as a senior co-manager on this offering.
AboutLegacy Reserves LP (“Legacy Reserves” or the “Partnership”) (NASDAQ: LGCY) recently completed a follow-on offering of 11,500,000 common units at a price of $27.38 per unit, generating gross proceeds of $314.9 million. The Partnership intends to use the net proceeds from the offering for general partnership purposes, including funding future acquisitions or repaying a portion of the borrowings under its revolving credit facility.
Legacy Reserves is an independent oil and natural gas limited partnership 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. The Partnership is headquartered in Midland, Texas.
For additional information about this transaction, please contact:
- October 2014
- Legacy Reserves LP
- Target Location
- North America