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Comstock Resources, Inc. Announces Senior Notes Offering

Mon. October 05, 2009; Posted: 04:02 PM
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FRISCO, Texas, Oct 05, 2009 /PRNewswire-FirstCall via COMTEX/ -- CRK | Quote | Chart | News | PowerRating -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK | Quote | Chart | News | PowerRating) announced today that it intends to offer $200 million principal amount of senior notes due 2017, subject to market and other conditions. The offering will be made by means of an underwritten public offering pursuant to an automatic shelf registration statement filed with the Securities and Exchange Commission. Comstock intends to use the net proceeds of the proposed offering to repay outstanding borrowings under its bank credit facility and for other general corporate purposes.

Banc of America Securities LLC will act as the lead joint bookrunning manager for the offering. The offering may be made only by means of a prospectus and related prospectus supplement. The prospectus supplement will be filed with the Securities and Exchange Commission and may be found on its website at www.sec.gov. When available, copies of the prospectus supplement relating to the public offering may be obtained from:

    Banc of America Securities LLC
    100 West 33rd Street, 3rd Floor, New York, NY 10001
    Attention:  Prospectus Department
    Telephone: (800) 294-1322
    Email: dg.prospectus_distribution@bofasecurities.com

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. The notes will be offered only by means of a prospectus, including the prospectus supplement relating to the notes, meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes the expectations in such statements to be reasonable, there can be no assurance that such expectations will prove to be correct.

Comstock Resources, Inc. is a growing independent energy company based in Frisco, Texas and is engaged in oil and gas acquisitions, exploration and development primarily in Texas and Louisiana. The Company's stock is traded on the New York Stock Exchange under the symbol CRK.

Web Site: www.comstockresources.com

SOURCE Comstock Resources, Inc.

http://www.comstockresources.com
For full details on Comstock Resources Inc (CRK) click here. Comstock Resources Inc (CRK) has Short Term PowerRatings of 7. Details on Comstock Resources Inc (CRK) Short Term PowerRatings is available at This Link.

    


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