Range Resources Launches US$550 Million Offering of Senior Notes

By Isha Makkar
January 09, 2020
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Range Resources

U.S. based independent natural gas and NGL producer Range Resources Corp. has launched an offering of US$500 million of 9.25% senior notes due 2026. The net proceeds from the offering will be used by the Company to fund a cash tender offer to repurchase various existing tranches of senior notes due 2021 and 2022, and to repay borrowings under its bank credit facility. Range Resources expects to close the sale of the notes on 24th January 2020.

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