Range Announces Pricing of Senior Notes
Vinson & Elkins advised Range Resources Corporation on its offering of $550 million aggregate principal amount of senior notes due 2026, which will carry an interest rate of 9.25%. Range expects that the net proceeds of the offering will be approximately $541.6 million. The size of the offering was increased from the previously announced $500 million to $550 million. Range expects to close the sale of the notes on January 24, 2020.
Range is a leading U.S. independent natural gas, NGL and oil producer with operations focused on stacked-pay projects in the Appalachian Basin.
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