Range Resources Corporation’s $550 Million Senior Notes Offering


Vinson & Elkins advised Range Resources Corporation.

Range Resources Corporation (NYSE: RRC) announced that it has priced at par an 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 Resources Corporation is a leading U.S. independent natural gas, NGL and oil producer with operations focused on stacked-pay projects in the Appalachian Basin. The Company pursues an organic development strategy targeting high return, low-cost projects within its large inventory of low risk drilling opportunities. The Company is headquartered in Fort Worth, Texas.

The V&E team was led by partners David Stone (Picture) and Thomas Zentner with assistance from senior associate Raleigh Wolfe and associates Kate Rainey and Ann Stehling.

Involved fees earner: Kate Rainey – Vinson & Elkins LLP; Ann Elise Stehling – Vinson & Elkins LLP; David Stone – Vinson & Elkins LLP; Raleigh Wolfe – Vinson & Elkins LLP; Thomas Zentner – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Range Resources;

Author: Ambrogio Visconti