50 of the Top 250 law firms use our Products every day
Legacy Reserves LP Announces
Closing of Initial Public Offering and
Underwriters’ Exercise of Option to Purchase Additional
Units
MIDLAND, Texas,
Jan. 18, 2007 — Legacy Reserves LP (NASDAQ: LGCY) today
announced the closing of its initial public offering of 6,900,000
units representing limited partner interests at an initial public
offering price of $19.00 per unit. Net proceeds to the partnership
after underwriting discounts and estimated offering expenses were
approximately $120 million, all of which will be used to repay
all indebtedness outstanding under the partnership’s credit
facility and for general partnership purposes. The net proceeds of
the offering include the exercise, in full, by the underwriters of
their option to purchase up to an additional 900,000
units.
The
partnership’s units are listed on the NASDAQ Global Market
under the symbol “LGCY”.
Wachovia Capital
Markets, LLC and Friedman, Billings, Ramsey & Co., Inc. served
as joint book-running managers and Raymond James & Associates,
Inc., RBC Capital Markets Corporation, Oppenheimer & Company,
Incorporated and Stifel, Nicolaus & Company, Incorporated
served as co-managers. A copy of the final prospectus relating to
the offering may be obtained from Wachovia Capital Markets, LLC,
Attn: Equity Syndicate, 375 Park Ave., New York, New York 10152,
equity.syndicate@w
|
