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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
BMO Capital Markets Arranges $700MM Revolver for Comstock Resources
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Lenders/Participants
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BMO Capital Markets [Arranger]
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Structure
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Revolving Credit Facility
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Amount
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$700.000
Million
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Borrower(s)
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Comstock Resources, Inc.
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Description
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The New Credit Facility was arranged by BMO Capital Markets and has an initial borrowing base of $700.0 million, which will be re-determined on a semi-annual basis. The New Credit Facility will be secured by substantially all of Comstock's assets and will be administered by Bank of Montreal. Borrowings under the New Credit Facility will bear interest at the Company's option, at either LIBOR plus 2% to 3% or a base rate plus 1% to 2%, in each case depending on the utilization of the borrowing base. Comstock will pay a commitment fee of 0.375% to 0.5% on the unused borrowing base.
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Industry
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Oil & Gas
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| Related Tags |
BMO Capital Markets
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ABL Advisor
Deal Tables
2025
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