Comstock Resources closed the acquisition of Covey Park Energy in a cash and stock merger valued at approximately $2.2 billion. Bank of Montreal served as administrative agent for a $2.5 billion revolver to support the transaction.
Comstock Resources obtained commitments from a syndicate of 13 banks for a new five year reserve-based revolving credit facility with an initial borrowing base of $700 million. BMO Capital Markets arranged the facility.
Comstock Resources announced it entered into a five-year $1 billion revolver with a syndicate of 21 banks. BMO Capital Markets arranged the facility.