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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.