Issuer:
|
Range Resources Corporation | |
Guarantors:
|
American Energy Systems, LLC | |
Energy Assets Operating Company, LLC | ||
Oil & Gas Title Abstracting, LLC | ||
Range Energy Services Company, LLC | ||
Range Gathering & Processing Company, LLC | ||
Range Operating New Mexico, LLC | ||
Range Production Company | ||
Range Resources Appalachia, LLC | ||
Range Resources Midcontinent, LLC | ||
Range Resources Pine Mountain, Inc. | ||
Range Texas Production, LLC | ||
Security Description:
|
Senior Subordinated Notes | |
Distribution:
|
SEC Registered | |
Face:
|
$500,000,000 | |
Gross Proceeds:
|
$500,000,000 | |
Coupon:
|
6.750% | |
Net
Proceeds (after deducting discounts to the underwriters and estimated
expenses of the offering):
|
$490,750,000 | |
Maturity:
|
August 1, 2020 | |
Offering Price:
|
100.00% | |
Yield to Maturity:
|
6.750% | |
Spread to Treasury:
|
375 bps | |
Benchmark:
|
UST 3.5% due 5/15/2020 | |
Ratings:
|
Ba3/BB | |
Interest Pay Dates:
|
February 1, and August 1 | |
Beginning:
|
February 1, 2011 | |
Clawback:
|
Up to 35% at 106.75% | |
Until:
|
August 1, 2013 | |
Optional redemption:
|
Makewhole call @ T+50 bps prior to August 1, 2015, then: |
On or after: |
Price: | |||||||
August 1, 2015 |
103.375 | % | ||||||
August 1, 2016 |
102.250 | % | ||||||
August 1, 2017 |
101.125 | % | ||||||
August 1, 2018 and thereafter |
100.000 | % |
Change of control:
|
Put @ 101% of principal plus accrued interest | |
Trade Date:
|
July 29, 2010 | |
Settlement Date:
|
(T+10) August 12, 2010 | |
CUSIP:
|
75281AAL3 | |
ISIN:
|
US75281AAL35 | |
Bookrunners:
|
J.P. Morgan Securities Inc. | |
Banc of America Securities LLC | ||
Wells Fargo Securities, LLC | ||
Co-Managers:
|
Barclays Capital Inc. | |
Credit Suisse Securities (USA) LLC | ||
Deutsche Bank Securities Inc. | ||
RBC Capital Markets Corporation | ||
BMO Capital Markets Corp. | ||
BNP Paribus Securities Corp. | ||
Citigroup Global Markets Inc. | ||
Credit Agricole Securities (USA) Inc. | ||
KeyBanc Capital Markets Inc. | ||
SunTrust Robinson Humphrey, Inc. | ||
BBVA Securities Inc. | ||
Capital One Southcoast, Inc. | ||
Comerica Securities, Inc. | ||
Mitsubishi UFJ Securities (USA), Inc. | ||
Natixis Bleichroeder LLC | ||
Scotia Capital (USA) Inc. | ||
SG Americas Securities, LLC | ||
U.S. Bancorp Investments, Inc |
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