Range Resources Corp. - 2011-05-12

Priced an upsized offering of $500 million aggregate principal amount of senior subordinated notes at par due 2021, which will carry an interest rate of 5 3/4%. The size of the offering was increased from the previously announced $400 million. The company intends to use a portion of the net proceeds from the offering to purchase any and all of the outstanding $150 million aggregate principal amount of its 6 3/8% senior subordinated notes due 2015, and outstanding $250 million aggregate principal amount of its 7 1/2% senior subordinated notes due 2016. Range intends to use the remaining net proceeds for general corporate purposes. J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Inc. and Wells Fargo Securities LLC are joint book-running managers.