COMSTOCK RESOURCES, INC. ANNOUNCES COMPREHENSIVE REFINANCING TRANSACTIONS
FRISCO, TEXAS, April 2, 2018 Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today announced a series of related transactions in support of a comprehensive refinancing of substantially all of its existing debt. The successful completion of these transactions substantially reduces the Company's debt, addresses the overhang of Comstock's current capital structure and clears the maturity runway for the next four years. These transactions will substantially lower the Company's total leverage, lower its cost of capital and improve liquidity. As a result, Comstock will become one of the leading scaled and prudently financed public companies operating in the Haynesville shale.
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