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Rice Energy Offers Senior Notes

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April 14, 2014

Rice Energy Inc. (NYSE: RICE) offered $750 million, in aggregate principal amount, of senior notes due 2022 in a private placement to eligible purchasers, the company said April 11.

Net proceeds will repay and retire the second-lien term loan and its required premiums, Rice Energy said, adding that proceeds will also be used for general corporate purposes including capex.

In its own April 11 press release, Wells Fargo Securities LLC noted that the second-lien term loan stood at $300 million. Wells Fargo Securities also noted that Rice's liquidity "improved" on ...


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