COMSTOCK RESOURCES, INC. ANNOU – GuruFocus.com

FRISCO, TX, Nov. 15, 2022 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (:CRK) today announced that the Company has entered into a new secured revolving credit facility senior 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 a select commitment of 1 .5 billion dollars. 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 major independent natural gas producer focused on developing the Haynesville shale in northern Louisiana and eastern Texas. The Company’s shares are traded on the New York Stock Exchange under the symbol CRK.

This press release may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described herein. Although the Company believes that the expectations contained in these statements are reasonable, there can be no assurance that these expectations will prove to be correct. Information regarding assumptions, uncertainties and risks that could affect actual results may be found in the Company’s filings with the Securities and Exchange Commission (“SEC”) available on the Company’s website or at the SEC website at sec.gov.

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