Comstock Resources to pay down credit facility with notes proceeds

By Marisa Wong

Madison, Wis., Feb. 28 - Comstock Resources, Inc. said it will repay outstanding borrowings under its bank credit facility using proceeds from an offering of senior notes due 2019.

The offering of new notes was announced on Monday.

Comstock is a Frisco, Texas-based company engaged in the acquisition, development, production and exploration of oil and natural gas, with operations in Texas and Louisiana.

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