form8ksept1213.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): September 12, 2013
COMSTOCK RESOURCES, INC.
(Exact Name of Registrant as Specified in Charter)
STATE OF NEVADA
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001-03262
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94-1667468
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(State or other
jurisdiction incorporation)
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(Commission File Number)
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(I.R.S. Employer
Identification Number)
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5300 Town And Country Boulevard
Suite 500
Frisco, Texas 75034
(Address of principal executive offices)
(972) 668-8800
(Registrant's Telephone No.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01. Other Events.
On September 12, 2013, Comstock Resources, Inc. ("Comstock" or the "Company") announced the redemption of its 8⅜% Senior Notes due 2017 (CUSIP No. 205768AG9). The aggregate principal amount of the notes outstanding of $298 million is being redeemed at a price equal to 104.188% of the principal amount for a total payment of approximately $310 million plus accrued and unpaid interest. The redemption of the notes is scheduled to occur on Octobr 15, 2013. Bank of New York Mellon is the trustee for the notes and serving as the paying agent for this transaction. A copy of this press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
Exhibit 99.1
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Press Release dated September 12, 2013.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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COMSTOCK RESOURCES, INC.
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Dated: September 12, 2013
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By:
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/s/ ROLAND O. BURNS
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Roland O. Burns
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President, Chief Financial Officer and Secretary
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exhibit99pnt1sept12.htm
Exhibit 99.1
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5300 Town and Country Blvd., Suite 500
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Frisco, Texas 75034
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Telephone: (972) 668-8834
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Contact: Gary H. Guyton
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Director of Planning and Investor Relations
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Web Site: www.comstockresources.com
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NEWS RELEASE
For Immediate Release
COMSTOCK RESOURCES, INC.
ANNOUNCES REDEMPTION OF 8⅜% SENIOR NOTES DUE 2017
FRISCO, TEXAS, September 12, 2013 – Comstock Resources, Inc. (NYSE: CRK) (the “Company” or “Comstock”) announced today that it will redeem all of its outstanding 8⅜% Senior Notes due 2017 (CUSIP No. 205768AG9). The aggregate principal amount outstanding of the notes is $298 million. The redemption price for the notes is 104.188% of the principal amount or approximately $310 million plus accrued and unpaid interest. The redemption of the notes is scheduled to occur on October 15, 2013. The Company intends to fund the redemption with cash on hand and available borrowings under its bank credit facility. At June 30, 2013, Comstock had $883 million in total debt. The annual interest payable on the outstanding 8⅜% senior notes was approximately $25 million.
The Bank of New York Mellon Trust Company is the trustee for the notes and is serving as the paying agent for this transaction. Copies of the notice of redemption and additional information relating to the redemption of the notes may be obtained from Bondholder Relations at 1-800-254-2826.
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 an 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.