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Legacy Reserves LP Prices Unit Offer

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June 11, 2014

Legacy Reserves LP (NASDAQ: LGCY) priced its public offer of 7 million Series B preferred units, the company said June 10.

The 8% units were priced at $25 each, Legacy noted.

Underwriters can purchase up to 1 million additional units at a lower price, the company said.

Net proceeds of about $169.1 million are expected, and will reduce outstanding revolving credit facility debts, Legacy said. They will also support general partnership purposes.

The offer is scheduled to close June 17, the company said.

UBS Securities LLC, Morgan Stanley & Co. ...


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