secwatch.observer — SEC 8-K summary
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Issuer:     RANGE RESOURCES CORP (RRC)
CIK:        0000315852
Form:       8-K
Filed at:   2022-04-18T23:59:59+00:00
Accession:  0001193125-22-107998
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315852/000119312522107998/0001193125-22-107998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315852/000119312522107998/d341083d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-107998

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