Vanguard gets $5.9 million in proceeds from recent public offering
By APWednesday, August 26, 2009
Vanguard gets $5.9M in proceeds from offering
HOUSTON — Oil and natural gas company Vanguard Natural Resources LLC said Wednesday it received $5.9 million in proceeds from a recent public offering.
Underwriters bought an additional 432,800 common units in a public offering. Proceeds were used to reduce debt under a reserve-based credit facility.
Citi, Wells Fargo Securities and RBC Capital Markets acted as joint book-running managers for the recent offering.
Shares of Vanguard added 12 cents to close at $14.03.
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