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LRR Energy may raise $75 million through at-the-market units offering
MLV raises proceeds for debt repayment, general partnership purposes
By Devika Patel
Knoxville, Tenn., Feb. 4 - LRR Energy, LP negotiated a $75 million at-the-market offering of its common units, according to a prospectus supplement and 8-K filed Tuesday with the Securities and Exchange Commission.
MLV & Co. LLC is the agent and will be paid a 2% commission.
Proceeds will be used to repay debt under the company's term loan and for general partnership purposes, including repaying debt under the company's revolving credit facility.
LRR Energy is a Houston-based limited partnership formed by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America.
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