Comstock Resources secures new $1 billion bank credit agreement (Scandinavian Oil-Gas Magazine)

Comstock Resources secures new $1 billion bank credit agreement

Published Nov 26, 2013

Comstock Resources, Inc. has entered into a new five year $1.0 billion revolving credit facility with a syndicate of 21 banks, replacing its $750 million bank credit facility.

The new bank facility was arranged by BMO Capital Markets and has an initial borrowing base of $625 million.

The credit facility is secured by substantially all of the Company's producing oil and gas properties and will be administered by the Bank of Montreal.

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