Range Resources Floats Another $750M in IOUs to Pay Down Old Debt

Marcellus powerhouse driller Range Resources first announced yesterday that they are floating $500 million of new IOUs (called senior notes), then a short time later changed it and say no, they’re now offering $750 million of new IOUs instead. Cash from the senior note offering will go to pay off older IOUs and debts. The new round of IOUs will come due in 2025. Here’s the Range two-step from yesterday…

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