Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Range Resources Corp.    RRC

Delayed Quote. Delayed  - 09/27 10:03:11 pm
36.97 USD   -4.05%
09/27 Range Resources Prepares For Production At Two Waterflood Well Si..
09/20 RANGE RESOURCES : RRC) and Memorial Resource Development Corp. Close..
09/20 RANGE RESOURCES : Announces Closing of Merger with Memorial Resource..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Range Resources Corp. : RANGE ANNOUNCES OFFERING OF SENIOR SUBORDINATED NOTES

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/24/2012 | 02:55pm CEST

FORT WORTH, TEXAS, FEBRUARY 24, 2012

RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that it intends, subject to market conditions, to publicly offer $500 million in aggregate principal amount of senior subordinated notes due 2022.  The offering and sale of the senior subordinated notes is being made pursuant to an automatic shelf registration statement on Form S-3 filed today with the Securities and Exchange Commission ("SEC").

Range intends to use a portion of the net proceeds to repay up to $350 million of borrowings under its senior credit facility.  It intends to use the remaining net proceeds to fund its 2012 capital expenditure budget, and, pending that use, for general corporate purposes.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Barclays Capital Inc. and Deutsche Bank Securities Inc. will act as joint book-running managers for the senior subordinated notes offering. A copy of the preliminary prospectus supplement and related base prospectus for the offering may be obtained on the SEC website at www.sec.gov. Alternatively, the underwriters will arrange to send you the preliminary prospectus supplement and related base prospectus if you request them by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated at 4 World Financial Center, New York, NY 10080, attention:  Prospectus Department, or via phone at 1-800-294-1322, or by e-mailing dg.prospectus_requests@baml.com; J.P. Morgan Securities LLC at 383 Madison Avenue, New York, NY 10179, attention: High Yield Syndicate, or via phone at 1-800-245-8812, or by e-mailing HY_syndicate@jpmorgan.com; Wells Fargo Securities, LLC at 550 South Tryon Street, 7th Floor MAC D1086-070, Charlotte, NC 28202, attention: Client Support, or via phone at 1-800-326-5897, or by e-mailing cmclientsupport@wellsfargo.com; Barclays Capital Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or via phone at 1-888-603-5847, or by e-mailing barclaysprospectus@broadridge.com or Deutsche Bank Securities Inc. at 100 Plaza One, Floor 2, Jersey City, NJ 07311, attention: Prospectus Department.

RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading independent natural gas, natural gas liquids, and oil producer with operations focused in the Appalachia and Southwest regions of the United States.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the senior subordinated notes referred to above. An offering of any such securities will be made only by means of a prospectus. Any such prospectus shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Except for historical information, statements made in this release about the proposed offering are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on assumptions and estimates that Range's management believes are reasonable based on currently available information; however, management's assumptions and Range's future performance are subject to a wide range of business risks and uncertainties, and there is no assurance that these goals and projections can or will be met. Any number of factors could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, the volatility of oil and gas prices, the results of Range's hedging transactions, the costs and results of drilling and operations, the timing of production, mechanical and other inherent risks associated with oil and gas production, weather, the availability of drilling equipment, changes in interest rates, litigation, uncertainties about reserve estimates, environmental risks and regulatory changes.  Range undertakes no obligation to publicly update or revise any forward-looking statements. Further information on risks and uncertainties is available in Range's filings with the SEC, which are incorporated herein by reference.


Contacts:       

    Rodney Waller, Senior Vice President             817-869-4258
    David Amend, Investor Relations Manager       817-869-4266
    Laith Sando, Senior Financial Analyst               817-869-4267


HUG#1588738

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on RANGE RESOURCES CORP.
09/27 Range Resources Prepares For Production At Two Waterflood Well Sites
09/25 RANGE RESOURCES : US fracking firm supplying gas to Scotland 'trashed environmen..
09/20 RANGE RESOURCES : RRC) and Memorial Resource Development Corp. Close Merger Agre..
09/20 RANGE RESOURCES : Announces Closing of Merger with Memorial Resource Development..
09/19 RANGE RESOURCES CORP : Entry into a Material Definitive Agreement, Termination o..
09/17 RANGE RESOURCES : Natural gas output may rise in Appalachia
09/16 S&P 500 MOVERS : Rrc, wdc
09/16 RANGE RESOURCES : Merger With Memorial Resource Development Corp. Receives All R..
09/16 Range Announces Closing of Merger With Memorial Resource Development Corp.
09/15 Range Merger With Memorial Resource Development Corp. Receives All Required S..
More news
Sector news : Oil & Gas Exploration and Production - NEC
07:15aDJCanada Gives Conditional Approval to Petronas's LNG Terminal
09/27DJAGL Energy Adds Oil Search's CEO to its Board
09/27 When deals go bad - China state firm managers spooked by new liability rules
09/26 BofA to pay $15.5 million fines for causing 'mini-flash crashes'
09/26DJMerrill Lynch to Pay $12.5 Million Fine for Mini-Flash Crashes
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
09/27 Britain's first U.S. shale gas arrives in Scotland
09/20 Range Resources resumed at Morgan Stanley at Equal Weight, $45 target
09/16 Range Resources, Memorial Resource complete merger deal
09/16 Is This The Next Valeant?
09/15 GE Faces 2-Front War
Advertisement
Financials ($)
Sales 2016 1 531 M
EBIT 2016 -61,6 M
Net income 2016 -254 M
Debt 2016 3 722 M
Yield 2016 0,31%
P/E ratio 2016 -
P/E ratio 2017 186,91
EV / Sales 2016 6,54x
EV / Sales 2017 4,34x
Capitalization 6 288 M
More Financials
Chart RANGE RESOURCES CORP.
Duration : Period :
Range Resources Corp. Technical Analysis Chart | RRC | US75281A1097 | 4-Traders
Full-screen chart
Technical analysis trends RANGE RESOURCES C...
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 48,7 $
Spread / Average Target 32%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jeffrey L. Ventura Chairman, President & Chief Executive Officer
Ray N. Walker Chief Operating Officer & Executive Vice President
Roger S. Manny Chief Financial Officer & Executive Vice President
Allen Finkelson Independent Director
Kevin S. McCarthy Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
RANGE RESOURCES CORP.50.22%6 554
CNOOC LTD13.69%53 188
OCCIDENTAL PETROLEUM C..1.54%52 955
CONOCOPHILLIPS-15.55%49 565
EOG RESOURCES INC25.10%49 150
CANADIAN NATURAL RESOU..30.51%32 669
More Results