Shares of Penn Virginia Resource Partners (PVR -6.8%) trade lower after the company prices its...

|About: Penn Virginia Resource Part... (PVR)|By:, SA News Editor

Shares of Penn Virginia Resource Partners (PVR -6.8%) trade lower after the company prices its 7M share offering at $24.55, a 4.1% discount to Monday's closing price. The company plans to use the proceeds to repay some of its debt outstanding under its revolving credit facility.