---
schema_version: "secwatch.filing_event.v1"
accession: "0000023194-22-000043"
form_type: "8-K"
ticker: "CRK"
cik: "0000023194"
company_name: "COMSTOCK RESOURCES INC"
filed_at: "2022-11-16T23:59:59+00:00"
generated_at: "2026-06-21T17:47:33.257422+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Comstock Resources enters into $3.5B amended credit facility with $1.5B commitments, maturing 2027

## Summary
- Maximum credit amount $3.5B, borrowing base $2.0B, total lender commitments $1.5B.
- Maturity November 15, 2027; interest at adjusted SOFR +1.75%-2.75% or base rate +0.75%-1.75%.
- Financial covenants: Total Net Debt/EBITDAX ≤3.5:1, adjusted current ratio ≥1.0:1.
- Restrictions on additional debt, liens, dividends, affiliate transactions, and acquisitions.
- Events of default include nonpayment, covenant breach, bankruptcy, and change of control.

## SEC filing metadata
- accession: 0000023194-22-000043
- form_type: 8-K
- ticker: CRK
- cik: 0000023194
- company_name: COMSTOCK RESOURCES INC
- filed_at: 2022-11-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23194/000002319422000043/0000023194-22-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23194/000002319422000043/crk-20221115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000023194-22-000043
- JSON: https://secwatch.observer/filing/0000023194-22-000043.json
- Plain text: https://secwatch.observer/filing/0000023194-22-000043.txt

## Key facts
- Material Agreements
  COMSTOCK RESOURCES INC amended Credit Agreement with Wells Fargo Bank National Association, as administrative agent, and other lenders party thereto valued at $3.5 billion (effective 2022-11-15).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank National Association, as administrative agent, and other lenders party thereto
  - Value: $3.5 billion
  - Effective: 2022-11-15
  source text: On November 15, 2022, Comstock Resources, Inc ("Comstock" or the "Company") entered into an amended and restated revolving credit agreement with Wells Fargo Bank National Association, as administrative agent, and other lenders party thereto (the "Credit Agreement"). The Credit Agreement is a senior secured reserve based revolving credit facility with an aggregate maximum credit amount of $3.5 billion, a borrowing base of $2.0 billion and total lender commitments of $1.5 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/23194/000002319422000043/0000023194-22-000043-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.