Comstock resources, inc. announces private offering of new senior notes due in 2029

Frisco, tx, feb. 18, 2021 (globe newswire) -- comstock resources, inc. ("comstock" or the "company") (nyse: crk) announced today that, subject to market conditions, it intends to offer a new series of senior notes due in 2029 in a private placement to eligible purchasers.  comstock intends to use the net proceeds from this offering to fund the repurchase of a portion of the company's 7.5% senior notes due 2025 and 9.75% senior notes due 2026 and pay fees and expenses under concurrent tender offers for such notes, which were launched today, and the excess, if any, for repayment of borrowings under comstock's bank credit facility.
CRK Ratings Summary
CRK Quant Ranking