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Range Resources completes redemption of 6 3/8% notes, 7½% notes
By Toni Weeks
San Diego, June 24 - Range Resources Corp. said it completed the redemption of its 6 3/8% senior subordinated notes due 2015 and its 7½% senior subordinated notes due 2016.
According to a press release, the 6 3/8% notes were redeemed at 102.125, and the 7½% notes were redeemed at 103.75. Holders also received accrued interest.
Range used a portion of the net proceeds from its offering of $500 million of 5¾% senior subordinated notes due 2021, which settled May 25, to redeem the notes.
A tender offer for both series of notes expired June 8.
Range Resources is a Fort Worth-based independent gas and oil company.
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