COMSTOCK RESOURCES, INC. ANNOUNCES EARLY TENDER RESULTS AND UPSIZE OF PREVIOUSLY ANNOUNCED CASH TENDER OFFERS
The Company has amended the Aggregate Maximum Tender Amount to increase the aggregate purchase price of Notes subject to the Tender Offers from
Except with the respect to the increases in the Aggregate Maximum Tender Amount and the 2026 Combined Cap, no other terms of the Tender Offers set forth in the Offer to Purchase dated
Based on information provided by
|Title of Notes||CUSIP Numbers||Acceptance Priority Level||Principal Amount Outstanding Prior to the Tender Offers(1)||Total Consideration(2)(3)||Principal Amount of Notes Tendered||Principal Amount of Notes Expected to be Accepted for Purchase||Proration Factor(4)|
|7.50% Senior Notes
|9.75% Senior Notes
|9.75% Senior Notes
- As of the date of the Offer to Purchase.
- Holders will also receive accrued and unpaid interest from the applicable last interest payment with respect to the Notes accepted for purchase to, but not including, the Early Settlement Date.
- Includes the Early Tender Premium (as defined below).
- The final proration factor has been rounded to the nearest tenth of a percentage point for presentation purposes.
Holders of Notes that have been accepted for purchase in connection with the Early Tender Date will receive the applicable Total Consideration set forth in the table above, which includes an early tender premium of
Because the purchase price for the Notes tendered prior to the Early Tender Date exceeds the Aggregate Maximum Tender Amount, the Company does not expect to accept for purchase any tenders of Notes after the Early Tender Date.
The dealer managers for the Tender Offers are
This press release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The offer is being made solely pursuant to the terms and conditions set forth in the Offer to Purchase.
None of Comstock, its board of directors, the trustee for the Notes, the information agent, the dealer managers or any of their respective affiliates makes any recommendation as to whether holders should tender, or refrain from tendering, all or any portion of the principal amount of their Notes pursuant to the Tender Offer.
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. The Company's Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other
Ron MillsVice President - Finance and Investor Relations Comstock Resources972-668-
Source: Comstock Resources, Inc.