Text Size:
A | A

Vanguard Natural Resources Closes Public Offering

Text Size: A | A
 
March 13, 2014

Vanguard Natural Resources LLC (NasdaqGS: VNR) closed its public offering of 7,000,000 Series B cumulative, redeemable, perpetual preferred units, the company said March 12.

The 7.625% units were priced at $25 each in the previously announced offering, Vanguard added. 

Underwriters were granted a monthlong option to purchase up to 1,050,000 additional units at a price lower than the discount, the company said.

The units are listed under the ticker "VNRBP" on NasdaqGS, the company noted.

Net proceeds of about $169.2 million will repay a portion of senior secured revolving credit ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription