Range Resources Corporation’s $600 Million Senior Notes Offering


Davis Polk advised the representative of the several initial purchasers in the offering.

Range Resources Corporation executed the offering of $600 million principal amount of its 8.250% senior notes due 2029. The notes are guaranteed by each of Range Resources’ subsidiaries.

Headquartered in Fort Worth, Texas, Range Resources is a leading U.S. independent natural gas, NGL and oil producer with operations focused on stacked-pay projects in the Appalachian Basin. Range Resources pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk development drilling opportunities.

The Davis Polk corporate team advising BofA Securities, Inc. as representative of the several initial purchasers included partner Richard D. Truesdell Jr. (Picture), counsel Jeffrey S. Ramsay and associates Gil Savir and Prince Kudolo. The tax team included partner Mario J. Verdolini and associate Summer Xia. Associate Michael Comstock provided environmental advice.

Involved fees earner: Michael Comstock – Davis Polk & Wardwell; Prince Kudolo – Davis Polk & Wardwell; Jeffrey Ramsay – Davis Polk & Wardwell; Gil Savir – Davis Polk & Wardwell; Richard Truesdell Jr. – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell; Summer Xia – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities;

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Author: Ambrogio Visconti