Range Resources to repay some revolver borrowings with bond proceeds

By Sara Rosenberg

New York, May 16 - Range Resources Corp. plans to pay down some borrowings under its revolving credit facility using proceeds from its proposed $200 million senior subordinated notes offering, according to a 424B5 filed with the Securities and Exchange Commission Tuesday.

As of March 31, there was $246.1 million drawn under the revolver.

Range Resources is a Fort Worth, Texas-based independent oil and gas company.

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