debt
confidence high
sentiment neutral
materiality 0.60
Comstock Resources calls all $244.4M of 7.50% Senior Notes due 2025 for redemption
COMSTOCK RESOURCES INC
- Outstanding principal amount of $244.4 million of 7.50% Senior Notes due 2025 to be redeemed.
- Redemption price set at 101.875% of principal, totaling approximately $249.0 million, plus accrued interest.
- Redemption date is May 15, 2022; funding from cash on hand and revolving credit facility.
- Notes were originally due 2025; early redemption eliminates future interest expense.