Memorial Resource repays, terminates facility on merger with Range

By Tali Rackner

Norfolk, Va., Sept. 19 – Memorial Resource Development Corp. repaid all outstanding amounts under and terminated its credit facility with Bank of America, NA, as administrative agent and collateral agent on Friday, according to an 8-K filing with the Securities and Exchange Commission.

The transaction is in connection with the company’s merger with and into Range Resources Corp. Memorial is now a wholly owned subsidiary of Range.

Memorial Resource is a natural gas and oil company based in Houston. Range Resources is an oil and natural gas producer based in Fort Worth.

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