RANGE RESOURCES CORPORATION 6.750% Senior Subordinated Notes due 2020 Underwriting AgreementUnderwriting Agreement • August 3rd, 2010 • Range Resources Corp • Crude petroleum & natural gas • New York
We estimate that the net proceeds from this offering (after deducting discounts to the underwriters and estimated expenses of the offering) will be approximately $490.8 million. We intend to use approximately $204.2 million of the net proceeds from this offering to redeem all $200 million in outstanding principal amount of and accrued interest on our outstanding 7⅜% senior subordinated notes due 2013 in accordance with the terms of the indenture under which those notes were issued. The remaining net proceeds will be used to pay down a portion of the outstanding balance on our senior credit facility.
