Range Resources enters new $4.0B revolving credit facility with $3.0B borrowing base, maturing 2030

RANGE RESOURCES CORP

New $4.0B max, $3.0B borrowing base, $2.0B commitment credit facility maturing Oct 2, 2030.
Interest margins from 0.75% to 2.75% over ABR or SOFR depending on Investment Grade or utilization.
Borrowing base redetermined annually or semi-annually; leverage covenant ≤3.75x or 4.25x.
Secured by oil & gas properties with PV-9 at least 180% of commitments during non-IG period.
Replaces prior $2.0B Seventh A&R Credit Agreement dated April 2022.

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