Vendera Resources III, L.P., Vendera Management III, LLC and AVAD MS, LLC entered into purchase and sale agreement to acquire certain properties in Mississippi from Vanguard Natural Resources, Inc. (OTCPK:VNRR) on May 3, 2018. Under the transaction, Vanguard Natural Resources, Inc. will be selling certain properties in Permian Basin, Green River Basin and Mississippi in separate agreements for a total consideration of $60 million. The deal is expected to close in mid-2018. The proceeds from the divestments will be used to pay down outstanding debt on Vanguard Natural Resources, Inc.'s revolving credit facility. The deal is expected to be accretive to liquidity. Anthony Speier, Rahul D. Vashi, Christopher S.C. Heasley, Adam C. Whitehouse, Bryce Joseph Silagy, Hannah K. Craft, Tyler J. Dunphy and Daniel Cadis of Kirkland & Ellis LLP acted as legal advisors for Vanguard Natural Resources.