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Comstock Resources calls all $244.4 million 7½% notes due 2025
By Wendy Van Sickle
Columbus, Ohio, April 14 – Comstock Resources, Inc. will redeem all $244.4 million of its 7½% senior notes due 2025 (Cusips: 22304LAA8, U2201LAA1) on May 15, according to a company news release.
The redemption price will be 101.875 for a total of about $249 million. The company will also pay accrued interest up to the redemption date.
The redemption is expected to be funded by cash on hand and revolving credit facility borrowings.
Comstock Resources is an independent natural gas producer based in Frisco, Tex.
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