Range Resources $4.4 billion acquisition of Memorial Resource Development

Overview:

• Range Resources has acquired Memorial Resource Development (MRD) for $4.4 billion.
• $1.1 billion of the deal was the assumption of Memorial Resource Development's debt by Range Resources.
• MRD is a portfolio company of Natural Gas Partners.
• Barclays acted as financial adviser to MRD and Natural Gas Partners.
• Credit Suisse acted as financial adviser to Range.

Kurt Stumpo - Journalist