25.11.2013 19:10:49

Comstock Resources Gets New $1 Bln Revolving Credit Facility

(RTTNews) - Comstock Resources, Inc. (CRK) said Monday that it 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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