- Comstock Resources (NYSE:CRK) has priced its private placement of $1B (upsized from $750M) of 6.75% senior notes due 2029 at par.
- Offering is expected to close on March 4.
- Net proceeds expected to be ~$984M, which will be used together with borrowings under bank credit facility or cash on hand to fund the concurrent tender offers for a portion of the company's 7.5% senior notes due 2025 and 9.75% senior notes due 2026 and for repayment of borrowings under bank credit facility.
Comstock Resources secured $1B debt capital
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| Symbol | Last Price | % Chg |
|---|---|---|
| CRK | - | - |
| Comstock Resources, Inc. | ||