debt
confidence high
sentiment neutral
materiality 0.50
Comstock Resources upsizes and prices $400M 6.75% senior notes due 2029
COMSTOCK RESOURCES INC
- Aggregate principal increased to $400M from originally proposed $375M.
- Notes carry a 6.75% coupon and are issued at 93% of par.
- Net proceeds of ~$365M will repay borrowings under the bank credit facility.
- Closing expected on April 9, 2024, subject to customary conditions.
- Private placement under Rule 144A and Regulation S.