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BMO Capital Markets Arranges Comstock’s $1 Billion Facility

November 26, 2013, 07:17 AM
Filed Under: Energy

Comstock Resources, Inc. 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.

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. 

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