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March 30 (Reuters) – Vanguard Natural Resources LLC
and VNR Finance Corp on Friday sold $350 million of senior
unsecured notes, said IFR, Thomson Reuters service.
The size of the deal was increased from an originally
planned $300 million.
Citigroup, Credit Agricole, RBC, RBS, UBS and Wells Fargo
were the joint bookrunning managers for the sale.
BORROWER: VANGUARD NATURAL RESOURCES
AMT $350 MLN COUPON 7.875 PCT MATURITY 4/1/2020
TYPE SR NTS ISS PRICE 99.274 FIRST PAY 10/1/2012
MOODY’S Caa1 YIELD 8 PCT SETTLEMENT 4/4/2012
S&P; B-MINUS SPREAD 575 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
