Comstock to pay down credit facility borrowings with notes proceeds

By Sara Rosenberg

New York, April 2 – Comstock Resources Inc. plans to repay a portion of the debt outstanding under its bank credit facility using proceeds from a $400 million, upsized from $375 million, senior notes offering, according to a market source.

Comstock Resources is a Frisco, Tex.-based natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas.

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