COMSTOCK RESOURCES, INC. ANNOUNCES NEW BANK CREDIT FACILITY
15 Novembre 2022 - 10:15PM
Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK)
announced today that the Company has entered into a new senior
secured revolving credit facility, which extends the maturity of
Comstock's existing bank credit facility to November 15, 2027. The
new credit facility has an initial borrowing base of $2.0 billion
with an elected commitment of $1.5 billion. The five-year reserve
based revolving credit facility was arranged by Wells Fargo
Securities, LLC with a syndicate of 17 participating banks.
About Comstock Resources
Comstock Resources, Inc. is a leading
independent natural gas producer with operations focused on the
development of the Haynesville shale in North Louisiana and East
Texas. The Company's stock is traded on the New York Stock Exchange
under the symbol CRK.
This press release may contain
"forward-looking statements" as that term is defined in the Private
Securities Litigation Reform Act of 1995. Such statements are based
on management's current expectations and are subject to a number of
factors and uncertainties which could cause actual results to
differ materially from those described herein. Although the Company
believes the expectations in such statements to be reasonable,
there can be no assurance that such expectations will prove to be
correct. Information concerning the assumptions, uncertainties and
risks that may affect the actual results can be found in the
Company's filings with the Securities and Exchange Commission
("SEC") available on the Company's website or the SEC's website at
sec.gov.
Ron Mills
VP - Finance and Investor Relations
Comstock Resources
972-668-8834
rmills@comstockresources.com
Comstock Resources (NYSE:CRK)
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