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Range Resources extends facility maturity, increases borrowing base
By Sara Rosenberg
New York, Oct. 23 - Range Resources Corp. extended the maturity of its credit facility by one year to October 2012 and increased the borrowing base by $300 million to $1.5 billion, according to a company news release.
At Sept. 30, the company had $266 million outstanding under the facility.
JPMorgan is the administrative agent on the deal.
Range Resources is a Fort Worth, Texas-based independent oil and gas company.
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