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Issuer Free Writing Prospectus, dated May 18, 2006
Filed pursuant to Rule 433 under the Securities Act of 1933
Registration Statement No. 333-134157
Range Resources Corporation
     
    Pricing Term Sheet
 
    
Issuer:
   Range Resources Corporation
Guarantors:
   Range Energy I, Inc., Range HoldCo, Inc., Range
 
   Production Company, Range Energy Ventures
 
   Corporation, Range Production I, L.P., PMOG Holdings,
 
   Inc., Range Operating New Mexico, Inc., and Great
 
   Lakes Energy Partners, L.L.C.
Security Description:
   Senior Subordinated Notes
Distribution:
   SEC Registered
Face:
   $150,000,000
Gross Proceeds:
   $150,000,000
Coupon:
   7.500%
Maturity:
   May 15, 2016
Offering Price:
   100.000%
Yield to Maturity:
   7.500%
Spread to Treasury:
   +243bps
Benchmark:
   UST 5.125% due 5/15/2016
Ratings:
   B2/B
Interest Pay Dates:
   May 15 and November 15
Beginning:
   November 15, 2006
Clawback:
   Up to 35% at 107.5%
Until:
   May 15, 2009
Optional redemption:
   Makewhole call @ T+50bps prior to May 15, 2011, then:
           On or After:
   Price:
           May 15, 2011
   103.750%
           May 15, 2012
   102.500%
           May 15, 2013
   101.250%
           May 15, 2014 and thereafter
   100.000%
Change of control:
   Put @ 101% of principal plus accrued interest
Trade Date:
   May 18, 2006
Settlement Date:
   (T+3) May 23, 2006
CUSIP:
   75281AAG4
ISIN:
   US75281AAG40
Sole Bookrunner:
   JPMorgan
Lead Manager:
   Credit Suisse
Co-Managers:
   Banc of America Securities LLC
 
   Harris Nesbitt
 
   Wachovia Securities

 

 

     
 
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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.

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