Comstock Resources Inc. Announces Senior Secured Notes Offering

Comstock Resources, Inc. ("Comstock" or the"Company") (NYSE: CRK) announced today that it intends to offer $700 millionin aggregate principal amount of senior secured notes due 2020 in a privateoffering, subject to market and other conditions. The notes will be guaranteedby each of Comstock's subsidiaries. The notes and the guarantees will besecured by a first priority lien on substantially all of the Company's and itssubsidiaries'y'apos;s and its subsidiaries'apos; assets, subject to paymentpriority in favor of the lenders under a new credit facility described below.Comstock intends to use the net proceeds of the proposed offering to retireits bank credit facility, with remaining proceeds for general corporatepurposes. In connection with thoffering, the Company intends to enter into a new $50 million bank revolvingcredit facility.The notes will be offered in the United States only to qualified institutionalbuyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the"Securities Act"), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act or the securities laws of any jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.This press release is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offers of the notes will be made only by means of a private offering memorandum.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 anumber of factors and uncertainties which could cause actual results to differmaterially 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 a growing 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.------------------------------------------------------------------------------This announcement is distributed by NASDAQ OMX Corporate Solutions on behalfof NASDAQ OMX Corporate Solutions clients.The issuer of this announcement warrants that they are solely responsible forthe content, accuracy and originality of the information contained therein.Source: Comstock Resources, Inc via GlobenewswireHUG#1897414-0- Feb/25/2015 19:34 GMT