Range Announces Credit Facility Renewal and Extension

FORT WORTH, Texas, April 16, 2018 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE:RRC) today announced that it has renewed and extended its revolving credit facility. The new five-year agreement with a syndicate of twenty-seven financial institutions has a maximum facility size of $4 billion and maintains a borrowing base of $3 billion with $2 billion in commitments. The agreement maintains existing borrowing costs and structure, including the option to release all collateral upon the receipt of a single investment grade rating. The maturity of the facility was extended to April 13, 2023.

Roger S. Manny, Range’s Executive Vice President & CFO, commented, “The credit facility re…



Range Resources News Release

Leave a Reply

Your email address will not be published. Required fields are marked *