COMSTOCK RESOURCES INC (CRK): debt financing — Comstock Resources issues $400M 6.75% senior notes due 2029

COMSTOCK RESOURCES INC

Issued $400M aggregate principal of 6.75% senior notes due March 1, 2029.
Interest payable semi-annually on March 1 and September 1, starting September 1, 2024.
Notes are senior unsecured, rank equally with existing and future senior debt.
Callable at 103.375% in 2024, declining to par in 2027 and thereafter.
Change of control trigger requires repurchase at 101% of principal plus accrued interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

COMSTOCK RESOURCES INC incurred senior notes of $400.0 million with Equiniti Trust Company, LLC at 6.75% maturing March 1, 2029.

Instrument: senior notes
Principal: $400.0 million
Counterparty: Equiniti Trust Company, LLC
Rate: 6.75%
Maturity: March 1, 2029
Event: incurrence

Exact text from the filing

On April 9, 2024, Comstock Resources, Inc. (the "Company") issued $400.0 million aggregate principal amount of its 6.75% senior notes due 2029 (the "Notes") in a private placement offering pursuant to an Indenture, dated as of April 9, 2024 (the "Indenture"), by and among the Company, certain subsidiaries of the Company named therein and Equiniti Trust Company, LLC, as trustee.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

COMSTOCK RESOURCES INC entered into Indenture with Equiniti Trust Company, LLC valued at $400.0 million aggregate principal amount (effective 2024-04-09).

Action: entry
Agreement: notes offering
Counterparty: Equiniti Trust Company, LLC
Value: $400.0 million aggregate principal amount
Effective: 2024-04-09

Exact text from the filing

On April 9, 2024, Comstock Resources, Inc. (the "Company") issued $400.0 million aggregate principal amount of its 6.75% senior notes due 2029 (the "Notes") in a private placement offering pursuant to an Indenture, dated as of April 9, 2024 (the "Indenture"), by and among the Company, certain subsidiaries of the Company named therein and Equiniti Trust Company, LLC, as trustee.

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

COMSTOCK RESOURCES INC filing history →

Source: SEC EDGAR

accession 0000950170-24-043015

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