19 Nov 2014director interest notice● Neutral
Range Resources - Louisiana, Inc. insider Cole Herbert William sold 21,685 shares at $22.25.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Nov 2014director interest notice● Neutral
Range Resources - Louisiana, Inc. insider Nabors John sold 54,213 shares at $22.25.
19 Nov 2014director interest notice● Neutral
Range Resources - Louisiana, Inc. insider Habachy Steve Saad sold 303,330 shares at $22.25.
19 Nov 2014director interest notice● Neutral
Range Resources - Louisiana, Inc. insider Spillson Marcus Shane sold 18,431 shares at $22.25.
19 Nov 2014director interest notice● Neutral
Range Resources - Louisiana, Inc. insider Lynch Terence W sold 180,708 shares at $22.25.
19 Nov 2014director interest notice● Neutral
Range Resources - Louisiana, Inc. insider Eckerman Steven Wayne sold 298,169 shares at $22.25.
19 Nov 2014director interest notice● Neutral
Range Resources - Louisiana, Inc. insider Bahr Anthony Franklin sold 2,513,365 shares at $22.25.
19 Nov 2014director interest notice● Neutral
Range Resources - Louisiana, Inc. insider Graham Jay Carlton sold 2,513,365 shares at $22.25.
19 Nov 2014director interest notice● Neutral
Range Resources - Louisiana, Inc. insider Wyszynski Joseph sold 303,590 shares at $22.25.
18 Nov 2014material agreement● NeutralMajor
On November 12, 2014 the parent, Memorial Resource Development Corp. (MRD), signed an underwriting agreement for a secondary offering in which MRD Holdco LLC and other selling stockholders sold 30,000,000 shares at $23.00 each (with an option for 4,500,000 more); it closed November 18, 2014. MRD received no proceeds, so this moves existing shares from the large holder to the public rather than raising money for the company; it follows the June 2014 IPO, where Holdco was the selling stockholder for the larger part.
14 Nov 2014securities registration● Neutral
Range Resources - Louisiana, Inc. filed the final prospectus for a registered offering.
10 Nov 2014securities registration● Neutral
Range Resources - Louisiana, Inc. amended a filing by which it registered a securities offering with the SEC.
5 Nov 2014quarterly activities report● Neutral
Range Resources - Louisiana, Inc. reported a quarterly net income of $328.9 million for the period ended 2014-12-31.
5 Nov 2014quarterly activities report● Neutral
Range Resources - Louisiana, Inc. reported a quarterly net income of $328.9 million for the period ended 2014-12-31.
1 Oct 2014securities registration● Neutral
Range Resources - Louisiana, Inc. registered a securities offering with the SEC.
5 Sept 2014quarterly activities report● Neutral
Range Resources - Louisiana, Inc. reported a quarterly net income of $112.0 million for the period ended 2014-09-30.
19 Aug 2014director interest notice● Neutral
Range Resources - Louisiana, Inc. director Innamorati Robert A bought 8,127 shares on the open market at $25.12.
8 Aug 2014quarterly activities report● Neutral
Range Resources - Louisiana, Inc. reported a quarterly net income of $112.0 million for the period ended 2014-09-30.
6 Aug 2014quarterly activities report● Neutral
Range Resources - Louisiana, Inc. reported a quarterly net income of $112.0 million for the period ended 2014-09-30.
16 July 2014debt financing● NeutralMajor
The company completed its $600 million private placement of 5.875% Senior Notes due 2022 on July 10, 2014, unsecured and guaranteed by subsidiaries, maturing July 1, 2022, with interest paid each January 1 and July 1 starting January 1, 2015. It also agreed to offer registered exchange notes within about 365 days. On July 16, 2014 the full $350 million of the PIK Notes was redeemed at 102% of principal plus accrued interest, using the money deposited earlier, which completes the redemption set out in the previous filing.
2 July 2014asset acquisition disposition● NeutralMajor
The company deposited about $360 million with the trustee on June 27, 2014 to redeem all of its 10.00%/10.75% Senior PIK Toggle Notes due 2018 at 102% of principal on July 16, 2014, discharging that debt. Separately, its consolidated subsidiary Memorial Production Partners LP closed its purchase of Wyoming oil and NGL properties from Merit Energy on July 1, 2014 for an adjusted price of about $915.1 million, funded with borrowings under the Partnership's revolving credit facility. The filing includes financial statements for the acquired properties and pro forma financials.
27 June 2014substantial holder notice● Neutral
MRD Holdco LLC, Natural Gas Partners VIII, L.P, Natural Gas Partners IX, L.P, NGP IX Offshore Holdings, L.P, GFW VIII, L.L.C, G.F.W. Energy VIII, L.P, GFW IX, L.L.C, G.F.W. Energy IX, L.P, NGP Energy Capital Management, L.L.C disclosed a new substantial Range Resources - Louisiana, Inc. shareholding (74.00% of votes).
26 June 2014debt financing● NeutralMajor
On June 25, 2014 the company agreed to sell $600 million of 5.875% senior unsecured notes due 2022 at par to initial purchasers led by Citigroup, for net proceeds of about $586.0 million, to repay part of the borrowings under its revolving credit facility. The offering was upsized from the $300 million announced on June 23, and closing was expected on or about July 10, 2014.
26 June 2014securities registration● Neutral
Range Resources - Louisiana, Inc. filed the final prospectus for a registered offering.
24 June 2014asset acquisition disposition● NeutralMajor
The parent, Memorial Resource Development Corp., closed its IPO on June 18, 2014: 49,220,000 shares at $19.00, of which the company sold 21,500,000 and a selling stockholder sold 27,720,000 (the company got no proceeds from the latter). It also signed a five-year, $2.0 billion secured revolving credit facility with an initial $725 million borrowing base, a voting agreement under which MRD Holdco directs the other holders' votes, a services agreement under which WildHorse Resources Management Company manages certain operations for twelve months for a monthly fee, and a registration rights agreement. Contribution agreements and a merger agreement are also referenced, but their terms were cut off in the text provided. This is the first filing under the parent's name, so how it relates to Range Resources - Louisiana, Inc. is not stated in the text (the earlier insider notices, including Anthony Bahr, who is named here as a board observer, fit with this listing).
23 June 2014director interest notice● Neutral
Heath Allen Sumrow became a Range Resources - Louisiana, Inc. company insider (initial ownership filing).
23 June 2014director interest notice● Neutral
William Hebert became a Range Resources - Louisiana, Inc. company insider (initial ownership filing).
23 June 2014director interest notice● Neutral
Herbert William Cole became a Range Resources - Louisiana, Inc. company insider (initial ownership filing).
23 June 2014director interest notice● Neutral
Michael Warren Munsey became a Range Resources - Louisiana, Inc. company insider (initial ownership filing).
23 June 2014director interest notice● Neutral
Tyler Joseph Fenley became a Range Resources - Louisiana, Inc. company insider (initial ownership filing).