Comstock amends to allow for debt increase, reaffirms borrowing base

By Sarah Lizee

Olympia, Wash., June 17 – Comstock Resources, Inc. amended its credit agreement on Friday with Bank of Montreal as administrative agent to increase the maximum principal amount of senior unsecured debt to $500 million from $300 million and reaffirm the borrowing base in effect at $1.4 billion, according to an 8-K filing with the Securities and Exchange Commission.

All other terms of the credit agreement will remain in full force and effect.

Comstock Resources is an oil and natural gas exploration and production company based in Frisco, Tex.

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