Rice Energy prices $400M placement of senior notes

Rice Energy Inc. (NYSE: RICE) has priced its private placement to eligible purchasers of $400 million in aggregate principal amount of 7.25% senior notes due 2023 at 99.233%, for a yield to maturity of 7.375%. The private placement is expected to close on March 26.

Rice Energy intends to use the net proceeds of approximately $389.3 million for general corporate purposes, including capital expenditures.

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