Comstock Resources, Inc. (CRK) Thursday announced pricing of an underwritten public offering of $300 million in aggregate of senior notes due 2020. The notes will bear interest at a rate of 9 1/2 percent per annum.
All the notes are being sold at 95.304 percent of par, which equates to an effective yield to maturity of 10 3/8 percent. Comstock intends to use the net proceeds of the offering to repay outstanding borrowings under its bank credit facility.
The sale of notes is expected to close on June 5, subject to the satisfaction of customary closing conditions.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.