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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.