RANGE RESOURCES CORP
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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Interest Rate Risk
At December 31, 2023, we had total debt of $1.8 billion. All of our outstanding debt is based on fixed interest rates and, as a result, we do not have significant exposure to movements in market interest rates at this time. Our credit facility provides for variable interest rate borrowings; however, we did not have any borrowings outstanding as of December 31, 2023. See Note 6 to our consolidated financial statements for more information about our senior notes.
The fair value of our senior debt is based on December 31, 2023 quoted market prices. The following table presents information on these fair values (in thousands):
| CarryingValue | FairValue | |
|---|---|---|
| Fixed rate debt: | ||
| Senior Notes due 2025 | $688,388 | $679,363 |
| (The interest rate is fixed at a rate of 4.875%) | ||
| Senior Notes due 2029 | 600,000 | 624,816 |
| (The interest rate is fixed at a rate of 8.25%) | ||
| Senior Notes due 2030 | 500,000 | 463,085 |
| (The interest rate is fixed at a rate of 4.75%) | ||
| $1,788,388 | $1,767,264 | |
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