Issuer: Guarantors: |
Range Resources Corporation Mountain Front Partners, LLC; Range ResourcesAppalachia, LLC; Pine Mountain Acquisition, Inc.; Range ResourcesPine 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 |
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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:
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JPMorgan Banc of America Securities LLC |
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Co-Manager:
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BMO Capital Markets Citi Credit Suisse Deutsche Bank Securities Wachovia Securities Barclays Capital CALYON SECURITIES (USA) INC. |
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 |