Vanguard Natural Resources makes late interest payment on 7 7/8% notes

New York, Oct. 26 – Vanguard Natural Resources, LLC made the roughly $15 million semiannual interest payment on its 7 7/8% senior notes due 2020, according to an 8-K filing with the Securities and Exchange Commission.

As previously reported, the company chose to forgo making the interest payment due Oct. 3 on the notes.

Had the company failed to pay the interest within 30 days of Oct. 1, it would have constituted an event of default under the notes indenture and the company’s credit agreement.

Vanguard is a Houston-based oil and gas exploration and development company.

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