Range Refinancing $500M in Debt, Writing Down Value of LA Shale

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Yesterday Range Resources issued a couple of press releases detailing a plan to buy back $500 million of outstanding notes (i.e. IOUs) issued in years gone by and due payable in 2021/2022, by generating a new pot of $500 million by issuing new notes payable in 2026. The company also filed an SEC Form 8-K that mentions they will write down the value of their Louisiana shale assets. However, the company says it will not write down the value for their Marcellus/Utica assets.

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