Range Resources has secured a new $2 billion revolving credit facility. The new five-year facility has replaced the previous loan of $1.5 billion, which was approved without the benefit of the Barnett Shale properties. Lender commitments under the new loan total $1.5 billion, which represents a $250 million increase over the previous facility. All the banks participating in the previous credit facility, which consists of 27 financial institutions, will continue to be lenders in the new facility.
Click here for the release from Business Wire.