Rice Energy Inc. (NYSE: RICE) priced a private placement of $400 million, in aggregate principal amount, of senior notes, the company said March 23.
The 7.25% notes are due 2023.
Net proceeds, expected to total about $389.3 million, will support capex and other general corporate purposes.
Canonsburg, Pa.-based Rice Energy Inc. operates in the Appalachian Basin.
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