Range Resources enters $4.0B credit facility with $1.5B lender commitments, maturing 2027

RANGE RESOURCES CORP

Seventh amended credit agreement has $4.0B aggregate max, $3.0B borrowing base, $1.5B initial lender commitments.
Facility matures April 2027; includes $500M letter of credit sublimit and investment grade pricing optionality.
Interest margins range from 1.75%–2.75% (Term SOFR) or 0.75%–1.75% (ABR) based on utilization or credit rating.
Covenants require debt/EBITDAX ≤ 3.75x (non-IG) or 4.25x (IG period) and current ratio ≥ 1.0x.
Replaces the 2018 credit agreement; collateral and guarantees from material domestic subsidiaries.

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