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Credit Facility Change

Range Resources Renews, Extends Credit Facility

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   |    Monday,April 16,2018

[Summary: Range Resources has renewed and extended its credit facility.

The new five-year agreement has a maximum facility size of $4 billion and maintains a borrowing base of $3 billion with $2 billion in commitments.]

 

 

 

 

 

ORIGINAL RELEASE:

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 renewal and five-year extension was significantly over-subscribed, demonstrating the quality of Range's assets and confidence in the Company's creditworthiness. The credit facility provides committed long-term liquidity from a highly diversified group of experienced energy lenders. We believe the renewed and extended credit facility allows us to focus on further strengthening the balance sheet while supporting the development of our high-quality assets."

RANGE RESOURCES CORPORATION (NYSE:RRC) is a leading U.S. independent natural gas, NGL and oil producer with operations focused in stacked-pay projects in the Appalachian Basin and North Louisiana. The Company pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk development drilling opportunities. The Company is headquartered in Fort Worth, Texas. More information about Range can be found at www.rangeresources.com.


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April 17, 2018
Key Slides found in this Presentation
Capital & Finance
        Debt
        Debt Maturity Schedule
        F&D Costs / RRC
        Hedging
        Capital Expenditures
        Well Economics
        Rates of Return/ IRR
        Operating Costs (LOE)
Data & Charts
        Bar Chart
        Type Curve
        Decline Curve
Land & Legal
        Acreage & Land
Maps
        Areas of Operations
        Portfolio Map
        All Maps
        GIP / GOR Map
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Midstream
        Pipelines & Facilities
Portfolio & Operations
        Production Rates
Production2
        Cumulative Production
Well Information
        Well Cost
        Well EUR
        Well Lateral Length


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