We advised the initial purchasers on a high-yield notes offering

Davis Polk advised the representative of the several initial purchasers in connection with a Rule 144A/Regulation S offering by Range Resources Corporation of $600 million principal amount of its 8.250% senior notes due 2029. The notes are guaranteed by each of Range Resources’ subsidiaries. 

Headquartered in Fort Worth, Texas, Range Resources is a leading U.S. independent natural gas, NGL and oil producer with operations focused on stacked-pay projects in the Appalachian Basin. Range Resources pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk development drilling opportunities.

The Davis Polk corporate team included partner Richard D. Truesdell Jr., counsel Jeffrey S. Ramsay and associates Gil Savir and Prince Kudolo. The tax team included partner Mario J. Verdolini and associate Summer Xia. Associate Michael Comstock provided environmental advice. Members of the Davis Polk team are based in the New York and London offices.

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