Issuer:
|
Range Resources Corporation | |
Guarantors:
|
American Energy Systems, LLC | |
Energy Assets Operating Company, LLC | ||
Range Energy Services 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 | |
Net Proceeds: (after
deducting discounts
to the underwriters
and estimated
expenses of the
offering)
|
$490,750,000 | |
Coupon:
|
5.75% | |
Maturity:
|
June 1, 2021 | |
Offering Price:
|
100% | |
Yield to Maturity:
|
5.75% | |
Spread to Treasury:
|
+258 basis points | |
Benchmark:
|
UST 3.625% due 2/15/21 | |
Ratings:
|
Ba3/BB | |
Interest Pay Dates:
|
June 1 and December 1 | |
Beginning:
|
December 1, 2011 | |
Clawback:
|
Up to 35% at 105.75% | |
Until:
|
June 1, 2014 | |
Optional redemption:
|
Makewhole call @ T+50bps prior to June 1, 2016, then: |
On or after: | Price: | |||
June 1, 2016 |
102.875 | % | ||
June 1, 2017 |
101.917 | % | ||
June 1, 2018 |
100.958 | % | ||
June 1, 2019 and thereafter |
100.000 | % |
Change of control:
|
Put @ 101% of principal plus accrued interest |
Trade Date:
|
May 11, 2011 | |
Settlement Date:
|
(T+10) | May 25, 2011 |
CUSIP:
|
75281AAM1 | |
ISIN:
|
US75281AAM18 | |
Bookrunners: |
||
J.P. Morgan Securities LLC | ||
Merrill Lynch, Pierce, Fenner & Smith Incorporated |
||
Wells Fargo Securities, LLC | ||
Co-Managers: |
||
Barclays Capital Inc. | ||
Credit Agricole Securities (USA) Inc. | ||
Credit Suisse Securities (USA) LLC | ||
Deutsche Bank Securities Inc. | ||
RBC Capital Markets, LLC | ||
BMO Capital Markets Corp. | ||
BNP Paribas Securities Corp. | ||
Citigroup Global Markets Inc. | ||
KeyBanc Capital Markets Inc. | ||
SunTrust Robinson Humphrey, Inc. | ||
Banco Bilbao Vizcaya Argentaria, S.A. | ||
BOSC, Inc. | ||
Capital One Southcoast, Inc. | ||
Comerica Securities, Inc. | ||
Mitsubishi UFJ Securities (USA), Inc. | ||
Natixis Securities North America Inc. | ||
Scotia Capital (USA) Inc. | ||
SG Americas Securities, LLC | ||
UBS Securities LLC | ||
U.S. Bancorp Investments, Inc. |
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