Comstock Resources (CRK) commences 40M share common stock offering
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COMSTOCK RESOURCES ANNOUNCES COMMON STOCK OFFERING
May 13, 2020 4:01 PM EDTFrisco, TX, May 13, 2020 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE: CRK) (Comstock or the Company) announced today that it has commenced an underwritten public offering of 40 million shares of its common stock (the Common Stock Offering). Comstock also intends to grant the underwriters a 30-day option to purchase up to 6 million additional shares of common stock.
Comstock intends to use the net proceeds from the offering to redeem the Companys Series A Redeemable Convertible Preferred Stock for $210 million plus accrued and unpaid dividends and to... More
