SEC Filings

424B3
RANGE RESOURCES CORP filed this Form 424B3 on 09/07/2017
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Table of Contents

The liquidity of any market for each series of New Notes will depend on the number of holders of those New Notes, the interest of securities dealers in making a market in those New Notes and other factors. Accordingly, we cannot assure you as to the development, maintenance or liquidity of any market for any series of New Notes. If the New Notes of any series are traded after their initial issuance, their future trading prices will depend on many factors, including prevailing interest rates, the market for similar securities, our performance and other factors. Historically, the market for non-investment grade debt has been subject to disruptions that have caused substantial volatility in the prices of securities similar to the New Notes. We cannot assure you that the market, if any, for the New Notes of any series will be free from similar disruptions. Any such disruption may adversely affect the holders of the New Notes. To the extent that an active trading market for the New Notes of any series does not develop, the liquidity and trading prices for such New Notes may be harmed. Thus, you may not be able to liquidate your investment rapidly, and your lenders may not readily accept the New Notes as collateral for loans.

Future trading prices of the New Notes will depend on many factors, including but not limited to:

 

    our operating performance and financial condition;

 

    the interest of the securities dealers in making a market in the New Notes; and

 

    the market for similar securities.

Changes in our credit ratings or the debt markets may adversely affect the market price of the New Notes and our borrowing costs

The price for the New Notes of each series will depend on a number of factors, including but not limited to:

 

    our credit ratings with major credit rating agencies;

 

    prevailing market interest rates and interest rates being paid by other companies similar to us;

 

    our financial condition, operating performance and future prospects;

 

    market analysts’ perception of our company, our prospects and our industry in general; and

 

    the overall condition of the financial markets and global and domestic economies.

The condition of the financial markets and prevailing interest rates have fluctuated in the past and are likely to fluctuate in the future. Such fluctuations could have an adverse effect on the price of the New Notes. In addition, we expect one or more rating agencies to rate each series of New Notes. If such rating agencies reduce the rating on the New Notes or place the New Notes on watch for a downgrade in the future, the market price of the New Notes may be adversely affected. If any of our other outstanding debt is rated and subsequently downgraded, raising capital may become more difficult, borrowing costs under our credit facilities and other future borrowings may increase and the market price of the New Notes may decrease. The credit rating agencies evaluate the industry in which we operate as a whole and may also change their credit rating for us based on their overall view of such industry.

The guarantee of a Guarantor could be voided if it constitutes a fraudulent transfer under U.S. bankruptcy or similar state law, which would prevent the holders of the New Notes from relying on that Guarantor to satisfy claims

Under U.S. bankruptcy law and comparable provisions of state fraudulent transfer laws, to the extent the New Notes would be guaranteed by a Guarantor, such Guarantor’s Guarantee can be voided, or claims under such Guarantee may be further subordinated to all other debts of that Guarantor if, among other things, the Guarantor, at the time it incurred the indebtedness evidenced by its Guarantee or, in some states, when payments

 

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