Comstock Resources to use revolver to redeem $244.4 million notes

By Wendy Van Sickle

Columbus, Ohio, April 14 – Comstock Resources, Inc. plans to draw down on its revolving credit facility to fund a portion of the redemption of its $244.4 million of 7½% senior notes due 2025, according to a company news release.

The company will also use cash on hand to fund the May 15 redemption. The notes will be redeemed at 101.875 for a total of about $249 million, plus accrued interest.

Comstock Resources is an independent natural gas producer based in Frisco, Tex.

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