Issuer:
|
Range Resources Corporation | |||||
Guarantors:
|
Range Energy I, Inc., Range HoldCo, Inc., Range Production Company, Range Energy Ventures Corporation, Range Production I, L.P., PMOG Holdings, Inc., Range Operating New Mexico, Inc., Great Lakes Energy Partners, L.L.C., Range Operating Texas, L.L.C., Pine Mountain Oil & Gas Inc., Pine Mountain Acquisition, Inc., Stroud Energy GP, LLC, Stroud Energy LP, LLC, Stroud Oil Properties, LP, Stroud Energy Management GP, LLC and Stroud Energy, Ltd. | |||||
Security Description:
|
Senior Subordinated Notes | |||||
Distribution:
|
SEC Registered | |||||
Face:
|
$100,000,000 | |||||
Gross Proceeds:
|
$99,500,000 | |||||
Coupon:
|
7.500% | |||||
Maturity:
|
May 15, 2016 | |||||
Offering Price:
|
99.500% | plus accrued interest from May 23, 2006 | ||||
Yield to Maturity:
|
7.570% | |||||
Spread to Treasury:
|
+262 bps | |||||
Benchmark:
|
UST 5.125% due 5/15/2016 | |||||
Ratings:
|
B2/B | |||||
Interest Pay Dates:
|
May 15 and November 15 | |||||
Beginning:
|
November 15, 2006 | |||||
Clawback:
|
Up to 35% at 107.5% | |||||
Until:
|
May 15, 2009 | |||||
Optional redemption: | Makewhole call @ T+50bps prior to May 15, 2011, then: | |||||
On or after: | Price: | |||||
May 15, 2011 | 103.750% | |||||
May 15, 2012 | 102.500% | |||||
May 15, 2013 | 101.250% | |||||
May 15, 1014 and thereafter | 100.000% | |||||
Change of control: | Put @ 101% of principal plus accrued interest | |||||
Trade Date:
|
August 9, 2006 | |||||
Settlement Date:
|
(T+3) | August 14, 2006 | ||||
CUSIP:
|
75281AAG4 | |||||
ISIN:
|
US75281AAG40 | |||||
Sole Bookrunner:
|
JPMorgan | |||||
Lead Manager:
|
Credit Suisse | |||||
Co-Managers:
|
Banc of America Securities LLC | |||||
BMO Capital Markets | ||||||
Wachovia Securities | ||||||
Calyon Securities (USA) | ||||||
Comerica Securities |
Fortis Securities LLC | ||||||
Capital One Southcoast | ||||||
KeyBanc Capital Markets | ||||||
Scotia Capital | ||||||
Natexis Bleichroeder Inc. |