Comstock Resources Inc. - 2016-04-06

Completed a private exchange with a holder of 7.75% senior notes due 2019. The holder exchanged $14.3 million principal amount of the notes for 2.6 million shares of the company's common stock plus accrued but unpaid interest on the notes. Comstock then reduced its outstanding debt by $14.3 million and will realize annual interest savings of $1.1 million.