secwatch.observer — SEC 8-K summary
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Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0000023194-22-000043
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000002319422000043/0000023194-22-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000002319422000043/crk-20221115.htm
  HTML page:      https://secwatch.observer/filing/0000023194-22-000043

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