Comstock Resources issues $400 million of 6.75% senior notes due 2029
Comstock Resources, Inc. issued $400.0 million of 6.75% senior notes due March 1, 2029, in a private placement dated April 9, 2024. The notes are senior unsecured obligations guaranteed by the company's subsidiaries, which adds debt to the company's balance sheet and carries interest payments until maturity.
- Notes: $400.0 million aggregate principal, 6.75% senior notes due March 1, 2029, issued April 9, 2024
- Interest of 6.75% per year, paid semi-annually on March 1 and September 1, starting September 1, 2024
- Notes are effectively subordinated to secured debt, including borrowings under the bank credit facility
- Holders may require repurchase at 101% of principal upon a Change of Control Triggering Event