LRR Energy LP - 2013-03-19
Description
Priced its underwritten public offering of 6 million common units at $16.84 per unit. Its sponsor, Lime Rock Resources, is offering 3 million of the units. Net proceeds are required to be used to repay borrowings outstanding under its term loan. The company will not receive proceeds from units sold by Lime Rock Resources. Raymond James, Barclays, and UBS Investment Bank are joint book-running managers. Baird, Oppenheimer & Co., Stifel, Ladenburg Thalmann & Co. Inc., MLV & Co., and Wunderlich Securities are co-managers.