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Issuer Free Writing Prospectus, dated May 1, 2008
Filed pursuant to Rule 433 under the Securities Act of 1933
Registration Statement No. 333-150474
     
Issuer:
Guarantors:
  Range Resources Corporation
Mountain Front Partners, LLC; Range
Resources—Appalachia, LLC; Pine Mountain
Acquisition, Inc.; Range Resources—Pine
Mountain, Inc.; PMOG Holdings, Inc.; Range
Energy I, Inc.; Range Holdco, Inc.;
Range Operating Texas, L.L.C.; Range
Production Company; Range Texas
Production, L.L.C.; Range Operating New
Mexico, Inc.; REVC Holdco, LLC; Stroud
Energy GP, LLC; Stroud Energy LP, LLC; Stroud
Energy, Ltd.; Stroud Energy Management GP,
LLC; and Stroud Oil Properties, LP
 
   
Security Description:
  Senior Subordinated Notes
 
   
Distribution:
  SEC Registered
 
   
Face:
  $250,000,000
 
   
Gross Proceeds:
  $250,000,000
 
   
Coupon:
  7.25%
 
   
Maturity:
  May 1, 2018
 
   
Offering Price:
  100.000%
 
   
Yield to Maturity:
  7.25%
 
   
Spread to Treasury:
  351bps
 
   
Benchmark:
  UST 3.5% due 2/15/2018
 
   
Ratings:
  Ba3/BB
 
   
Interest Pay Dates:
  November 1, and May 1
 
   
Beginning:
  November 1, 2008
 
   
Clawback:
  Up to 35% at 107.25%
 
   
Until:
  May 1, 2011
 
   
Optional redemption:
  Makewhole call @ T+50bps prior to May 1, 2013, then:
 
   
         
On or after:   Price:
 
May 1, 2013
    103.625 %
May 1, 2014
    102.417 %
May 1, 2015
    101.208 %
May 1, 2016 and thereafter
    100.000 %
         
Change of control:
      Put @ 101% of principal plus accrued interest
 
       
 
       
Trade Date:
      May 1, 2008
 
       
Settlement Date:
  (T+3)   May 6, 2008
 
       
CUSIP:
      75281AAJ8
 
       
ISIN:
      US75281AAJ88
 
       
Joint Bookrunners:
      JPMorgan
Banc of America Securities LLC
 
       
Co-Manager:
      BMO Capital Markets
Citi
Credit Suisse
Deutsche Bank Securities
Wachovia Securities
Barclays Capital
CALYON SECURITIES (USA) INC.

 


 

Issuer Free Writing Prospectus, dated May 1, 2008
Filed pursuant to Rule 433 under the Securities Act of 1933
Registration Statement No. 333-150474
         
 
       
        Fortis Securities LLC
KeyBanc Capital Markets
SOCIETE GENERALE
BBVA Securities
Capital One Southcoast
Comerica Securities
Natixis Bleichroeder Inc.
RBC Capital Markets
Scotia Capital
SunTrust Robinson Humphrey
We estimate that the net proceeds from this offering (after deducting discounts to the underwriters and estimated expenses of the offering) will be approximately $244.5 million. We intend to use the net proceeds from this offering to pay down a portion of the outstanding balance on our senior credit facility.
In addition, on April 30, 2008, we priced our public offering of 4,200,000 common shares at $66.38 per share. We expect to receive net proceeds from that offering of approximately $266.9 million, after deducting estimated underwriting discounts and offering expenses. In addition, we have granted the underwriters a 30-day option to purchase up to 630,000 additional shares of our common stock to cover over-allotments, if any. We intend to use the net proceeds from that offering, together with any net proceeds from any exercise of the underwriters’ over-allotment option, to pay down a portion of the outstanding balance on our senior credit facility.
Any such amounts paid down on our senior credit facility with the net proceeds from this offering or the 4,200,000 share common share offering may be reborrowed from time to time for general corporate purposes including, but not limited to, acreage acquisitions.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling collect 1-212-270-3994.