Range Resources Corp. (NYSE: RRC) has priced its offer of senior subordinated notes due 2023 in a private placement to eligible purchasers.
The size of the offering has been increased from US $500 million to US $750 million. Range expects to close the sale on March 18 obtaining proceeds of US $737.8 million.
Net proceeds will be used to repay borrowings under its senior credit facility.
Range Resources Corp. is an independent oil and natural gas producer with operations focused in Appalachia and the Southwest region of the US. The ...