Vanguard Natural Resources LLC - 2014-03-12

Closed public offering of 7 million Series B cumulative, redeemable, perpetual preferred 7.625% units, priced at $25 each. Net proceeds will repay portion of credit facility debt. Morgan Stanley, UBS Investment Bank, Barclays, Stifel Financial Corp., Credit Suisse and MLV & Co. were joint book-running managers.