Range Announces Common Stock Offering

Range Announces Common Stock Offering 
FORT WORTH, TX -- (Marketwired) -- 06/11/14 --   RANGE RESOURCES
CORPORATION (NYSE: RRC) today announced that it has agreed to sell
4,560,000 shares of its common stock in an underwritten public
offering. The Company has granted the underwriters an option for 30
days to purchase up to an additional 684,000 shares of the Company's
common stock.  
The Company expects to use the net proceeds from this offering to
fund the early redemption of its previously called 8% Senior
Subordinated Notes and for general corporate purposes. Commenting on
the offering, Roger S. Manny, Range's CFO, said, "A fundamental tenet
of Range's strategy has been to maintain a strong, flexible and
straightforward balance sheet. By redeeming these high coupon bonds
with common equity we are further strengthening the balance sheet and
materially reducing interest expense. This targeted funding supports
our goal of 20 to 25% growth for many years, while accelerating the
improvement in Range's already strong credit profile." 
BofA Merrill Lynch and J.P. Morgan will act as joint book-running
managers for the common stock offering and propose to offer the
shares at prevailing market prices or otherwise from time to time
through the NYSE, the over-the-counter market, negotiated
transactions or otherwise. A copy of the preliminary prospectus
supplement and related base prospectus for the offering may be
obtained on the Securities and Exchange Commission ("SEC") website at
www.sec.gov. Alternatively, the underwriters will arrange to send you
the preliminary prospectus supplement and related base prospectus if
you request them by contacting BofA Merrill Lynch at 222 Broadway,
New York, New York 10038, Attention: Prospectus Department, e-mail:
dg.prospectus_requests@baml.com or J.P. Morgan via Broadridge
Financial Solutions at 1155 Long Island Avenue, Edgewood, New York
11717, telephone: (866) 803-9204. 
This offering is made pursuant to an effective shelf registration
statement and prospectus filed by Range with the SEC. This press
release shall not constitute an offer to sell or the solicitation of
an offer to buy the shares described herein, nor shall there be any
sale of these shares in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction.
The offering may be made only by means of a prospectus and related
prospectus supplement meeting the requirements of Section 10 of the
Securities Act of 1933, as amended. 
RANGE RESOURCES CORPORATION (THE "COMPANY") HAS FILED A REGISTRATION
STATEMENT (INCLUDING A PROSPECTUS) AND A PRELIMINARY PROSPECTUS
SUPPLEMENT WITH THE SEC FOR THE OFFERING TO WHICH THIS COMMUNICATION
RELATES. BEFORE YOU INVEST, YOU SHOULD READ THE REGISTRATION
STATEMENT, THE PROSPECTUS AND THE PRELIMINARY PROSPECTUS SUPPLEMENT
AND THE OTHER DOCUMENTS THAT THE COMPANY HAS FILED WITH THE SEC FOR
MORE COMPLETE INFORMATION ABOUT THE COMPANY AND THIS OFFERING. YOU
MAY OBTAIN THESE DOCUMENTS FOR FREE BY VISITING EDGAR ON THE SEC WEB
SITE AT WWW.SEC.GOV OR BY WRITTEN REQUEST TO RANGE RESOURCES
CORPORATION, 100 THROCKMORTON STREET, SUITE 1200, FORT WORTH, TEXAS
76102, ATTENTION: CORPORATE SECRETARY.  
RANGE RESOURCES CORPORATION is a leading independent oil and natural
gas producer with operations focused in Appalachia and the
Midcontinent region of the United States. The Company pursues an
organic growth strategy targeting high return, low-cost projects
within its large inventory of low risk, development drilling
opportunities. The Company is headquartered in Fort Worth, Texas.
More information about Range can be found at rangeresources.com.  
All statements, except for statements of historical fact, made in
this release regarding activities, events or developments the Company
expects, believes or anticipates will or may occur in the future,
such as those regarding the final consummation of the transactions,
satisfaction of the required conditions to closing, expected balance
sheet strength, expected reduction in interest expense, expected
improvement in credit profile are forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These statements are
based on assumptions and estimates that management believes are
reasonable based on currently available information; however,
management's assumptions and Range's future performance are subject
to a wide range of business risks and uncertainties and there is no
assurance that these goals and projections can or will be met. Any
number of factors could cause actual results to differ materially
from those in the forward-looking statements, including, but not
limited to, the volatility of oil and gas prices, the results of our
hedging transactions, the costs and results of drilling and
operations, the timing of production, mechanical and other inherent
risks associated with oil and gas production, weather, the
availability of drilling equipment, changes in interest rates,
litigation, uncertainties about reserve estimates, environmental
risks and regulatory changes. Range undertakes no obligation to
publicly update or revise any forward-looking statements. Further
information on risks and uncertainties is available in Range's
filings with the Securities and Exchange Commission ("SEC"), which
are incorporated by reference. 
Range Investor Contacts: 
Rodney Waller
Senior Vice President 
817-869-4258
rwaller@rangeresources.com  
David Amend
Investor Relations Manager 
817-869-4266
damend@rangeresources.com  
Laith Sando
Research Manager
817-869-4267
lsando@rangeresources.com  
Michael Freeman
Financial Analyst
817-869-4264
mfreeman@rangeresources.com  
or 
Range Media Contact: 
Matt Pitzarella
Director of Corporate Communications 
724-873-3224
mpitzarella@rangeresources.com 
 
 
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