Range Resources to repay part of bank debt using notes proceeds from $300 million offer

By Sara Rosenberg

New York, May 11 - Range Resources Corp. plans to repay a portion of its outstanding credit facility borrowings using proceeds from a $300 million senior subordinated notes offering, according to a 424B2 filed with the Securities and Exchange Commission on Monday.

As of March 31, there was $807 million outstanding under the facility.

Range Resources is a Fort Worth, Texas-based independent oil and gas company.

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