Business Context and Reporting Period
Company: Range Resources Corp
Filing Type: Form 8-K (Current Report)
Date of Report: January 5, 2026
Event Date: December 31, 2025
Context: The Company issued a Notice of Full Redemption for its 8.25% senior notes due 2029.
Key Financial Metrics
- Debt Instrument: 8.25% Senior Notes due 2029
- Principal Amount Redeemed: $600,000,000
- Redemption Price: 101.375% of principal ($1,013.75 per $1,000 note)
- Funding Source: Existing revolving credit facility
- Outstanding Balance Post-Redemption: $0 (No notes will remain outstanding as of January 15, 2026)
Note: This filing does not provide data on revenue, profit, cash flow, or margins.
Material Changes
The Company is eliminating $600 million in long-term debt obligations. This action reduces the Company's outstanding senior notes to zero effective January 15, 2026, altering the capital structure by removing the 8.25% interest obligation associated with these specific notes.
Outlook, Risks, and Management Commentary
- Management Action: The redemption is executed in accordance with the Indenture dated January 8, 2021.
- Liquidity Strategy: The Company intends to fund the redemption via its revolving credit facility, implying a shift from long-term fixed debt to potentially variable-rate revolving debt.
- Timing: The designated Redemption Date is January 15, 2026.
Investor Verification Checklist
- Verify the impact of the $600 million redemption on the Company's total debt load and leverage ratios.
- Confirm the terms and availability of the revolving credit facility used to fund this transaction.
- Assess the interest rate differential between the redeemed 8.25% notes and the cost of borrowing under the revolving credit facility.
- Check for any prepayment penalties or make-whole provisions that may have influenced the 101.375% redemption price.