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Vanguard Natural Resources Closes Public Offering

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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 ...

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