Debt | Capital Markets
LRR Energy Plans Public Offering
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LRR Energy L.P. plans to conduct an underwritten public offering of 6,000,000 common units, of which 3,000,000 common units are being offered by LRR Energy and 3,000,000 common units are being offered by LRR Energy’s sponsor, Lime Rock Resources, pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission.
This offering is made in connection to LRR Energy's recently announced MidContinent acquisition.
The underwriters will be granted a 30-day option to purchase up to 700,000 additional common units from LRR Energy and up to 200,000 additional common units from Lime Rock Resources.
LRE’s second lien term loan requires LRE to use 50% of the net cash proceeds from any equity offering to repay borrowings outstanding under…
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