Range Announces Early Results of Cash Tender Offers

FORT WORTH, Texas, Jan. 23, 2020 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range” or the “Company”) announced today the results to date of Range’s previously announced cash tender offers (the “Tender Offers”) to purchase up to $500 million aggregate principal amount (the “Aggregate Maximum Tender Amount”) of its outstanding 5.750% senior notes due 2021 (the “2021 Notes”), 5.875% senior notes due 2022 (the “5.875% 2022 Notes”) and 5.000% senior notes due 2022 (the “5.000% 2022 Notes”) (collectively, the “Notes”).

Based on information provided by D.F. King and Co., the tender agent for the Tender Offers, approximately $1,057.9 million aggregate principal amount of Notes were validly tendered (and not validly withdrawn) at or prior to 5:00 p.m., New York City time, on January 22, 2020 (the “Early Tender Date”). The following table sets forth the approximate aggregate principal amounts of each series of Notes that were validly tendered (and not validly withdrawn) as of the Early Tender Date and the principal amounts that, subject to satisfaction of the conditions to the Tender Offers described below, are expected to be accepted for purchase pursuant to the Tender Offers:

Title of Notes	CUSIP Numbers / ISIN	Acceptance Priority Level	Principal Amount Outstanding Prior to the Tender Offers(1)		Total Consideration(2)(3)		Principal Amount of Notes Tendered		Principal Amount of Notes Expected to Be Accepted for Purchase		Proration Factor(4)
5.750% Senior Notes due 2021	75281AAW9/US7 5281AAW99	1	$	374,139,000	$	1,035.00	$	324,080,000	$	324,080,000	100%
5.875% Senior Notes due 2022	75281AAU3/US7 5281AAU34	2	$	297,617,000	$	1,021.25	$	282,158,000	$	175,920,000	62.3%
5.000% Senior