Vanguard Natural Resources, LLC VNR today announced
that it has commenced a public offering of 7,137,255 common units representing
limited liability company interests in the Company, of which 3,137,255 common
units are being offered by Denbury Onshore, LLC, the selling unitholder, pursuant to an effective shelf registration statement
on Form S-3 filed with the Securities and Exchange Commission on January 18,
2012. The Company will grant the underwriters a 30-day option to purchase up
to an additional 1,070,588 common units. The Company intends to use the net
proceeds from the offering to repay indebtedness outstanding under its term
loan facility and senior secured revolving credit facility. The Company will
not receive any of the proceeds from the common units sold by the Selling
Unitholder.
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