Comstock Resources to price $375 million mirror tap of 6¾% senior notes due 2029 in Tuesday drive-by

By Abigail W. Adams

Portland, Me., April 2 – Comstock Resources Inc. plans to price a $375 million mirror add-on to its 6¾% senior notes due 2029 in a Tuesday drive-by, according to a market source.

The add-on is non-fungible to the existing notes but will have practically identical terms.

They are non-callable until March 1, 2025.

BofA Securities Inc. (lead left) and Wells Fargo Securities LLC are lead bookrunners for the Rule 144A and Regulation S offering.

Capital One Securities Inc., Fifth Third Securities Inc., Mizuho Securities USA Inc., Regions Securities LLC and Truist Securities are also bookrunners.

The notes have a 101 poison put.

Proceeds will be used to repay a portion of debt under the company’s bank credit facility.

Comstock Resources is a Frisco, Tex.-based energy company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.