On April 9, 2024, Comstock Resources, Inc. (Company) issued $400.0 million aggregate principal amount of its 6.75% senior notes due 2029 (Notes) in a private placement offering pursuant to an Indenture, dated as of April 9, 2024 (Indenture), by and among the company, certain subsidiaries of the company named therein and Equiniti Trust Company, LLC, as trustee. The subsidiaries of the Company that are a party to the Indenture agreed to unconditionally guarantee the Company?s obligations under the Indenture and Notes. The Notes will mature on March 1, 2029 and accrue interest at a rate of 6.75% per annum, payable semi-annually on March 1 and on September 1 of each year, commencing on September 1, 2024.

The Notes are senior unsecured obligations of the Company and rank equally in right of payment with all of the Company?s existing and future senior indebtedness and senior in right of payment to all of the Company?s existing and future subordinated indebtedness. The Notes are effectively subordinated to any of the Company?s existing and future secured indebtedness to the extent of the value of the collateral securing such indebtedness, including all borrowings under the Company's bank credit facility. The Notes are structurally subordinated to all liabilities of any of the Company?s subsidiaries that do not issue guarantees of the Notes.

Upon the occurrence of a Change of Control Triggering Event (as defined in the Indenture), each holder of Notes may require the Company to repurchase all or a portion of the Notes in cash at a price equal to 101% of the aggregate principal amount of the Notes to be repurchased, plus accrued and unpaid interest, if any, thereon to the date of repurchase.