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Stock impact report

Range Announces Pricing Of $500 Million Offering Of Senior Notes [TheStreet.com]

Range Resources Corporation (RRC) 
Last range resources corporation earnings: 4/30 05:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.rangeresources.com
Company Research Source: TheStreet.com
FORT WORTH, Texas, Jan. 13, 2022 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION ( ) - ("Range" or the "Company") announced today that it has priced at par an offering of $500 million aggregate principal amount of senior notes due 2030 (the "Notes"), which will carry an interest rate of 4.75%. Range expects that the net proceeds of the offering will be approximately $492.0 million. Range intends to use the net proceeds from the offering, together with cash on hand and borrowings under its bank credit facility, to redeem all of its outstanding 9.25% senior notes due 2026 (the "2026 Senior Notes"). Range expects to close the sale of the Notes on February 1, 2022, subject to the satisfaction of customary closing conditions. Range intends to issue a conditional notice of redemption to the holders of the 2026 Senior Notes, notifying such holders that it intends to redeem all of the outstanding 2026 Senior Notes on or about February 1, 2022, conditioned upon the consummation of this offer Show less Read more
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