Comstock Resources Inc.

The transactions for the company's buyback include obtaining a $75 million cash common stock investment in concert with a new strategic carried drilling venture by Dallas businessman and owner of the Dallas Cowboys Football Club Ltd., Jerry Jones; monetizing its Eagle Ford shale production while maintaining a significant interest in the property’s future development; arranging a new four year, $300 million bank credit facility; offering to retire the company’s convertible second lien secured pay-in-kind notes where investors would receive a package of cash and stock representing par value; offering to purchase the company’s first lien secured notes for cash; and an expected offering of $600 million of new senior unsecured notes.