Range Res. Sells $300M in New Notes, Buys Back $400M Old Notes

Range Resources is running up the debt tab. In January the company issued $550 million in new notes (debt, IOUs) which they used to turn around and pay down older notes (see Range Refinancing $500M in Debt, Writing Down Value of LA Shale). Yesterday Range said it is issuing another $300 million in new notes. The company is using the money to help pay off $400 million in older notes.

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