Comstock Resources has raised $300 million in a sale of senior notes. The company intends to use the proceeds to fund its pending tender offer and consent solicitation for its existing $172.4 million senior notes due 2012, to repay remaining borrowings under its bank credit facility and for general corporate purposes.

The oil and natural gas company appointed Merrill Lynch, Pierce, Fenner & Smith, Bank of America Merrill Lynch, BMO Capital and JP Morgan as the joint bookrunning managers for the sale. The notes carry a coupon rate of 7.75% and are due to mature on April 1, 2019.

Click here for the release from PR Newswire.