Comstock Resources, Inc. (CRK) said Tuesday that it has priced an underwritten public offering of $300.0 million of Senior Notes due 2017, which will bear interest at a rate of 8 3/8% per annum.
The notes are being sold at 98.571% of par, which equates to an effective yield to maturity of approximately 8 5/8%.
Comstock expects to close the sale of the notes on October 9.
The company plans to use the net proceeds of the offering to repay outstanding borrowings under its bank credit facility and for other general corporate purposes.
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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.