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CRK — Comstock Resources News Story

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Brief: Comstock Announces $600 Million Strategic Investment By Sixth Street In Pinnacle Gas Services

BRIEF-Comstock Announces $600 Million Strategic Investment By Sixth Street In Pinnacle Gas Services

- Comstock Resources Inc CRK.N:

  • COMSTOCK ANNOUNCES $600 MILLION STRATEGIC INVESTMENT BY SIXTH STREET IN PINNACLE GAS SERVICES

  • COMSTOCK RESOURCES - SELLS MINORITY EQUITY INTEREST IN PINNACLE GAS SERVICES TO SIXTH STREET

  • COMSTOCK RESOURCES - SIXTH STREET INVESTS $600 MILLION FOR 27% EQUITY INTEREST IN PINNACLE

  • COMSTOCK RESOURCES - PINNACLE VALUED AT $2.2 BILLION ENTERPRISE VALUE IN SIXTH STREET DEAL

  • COMSTOCK RESOURCES - PROCEEDS USED TO RETIRE $445 MILLION PINNACLE PREFERRED EQUITY AND ALL OUTSTANDING INDEBTEDNESS

  • COMSTOCK RESOURCES - SIXTH STREET OWNERSHIP IN PINNACLE MAY DECREASE TO 19.5% UPON RETURN HURDLES

Source text: ID:nGNX8j4hz7

Further company coverage: CRK.N


((Reuters.Briefs@thomsonreuters.com;))

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