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## COMSTOCK RESOURCES, INC. AND SUBSIDIARIES 

## NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 

At December 31, 2012, Comstock had $300.0 million in principal amount of 8 $^{3}$⁄ 8% senior notes outstanding with a maturity date of October 15, 2017 (the “2017 Notes”). In June 2013, the Company repurchased $2.2 million in principal amount of the 2017 Notes at 103.3% of the par value and on September 13, 2013, the Company called all of the remaining 2017 Notes at the call price of 104.2% of par value for redemption on October 15, 2013. The redemption amount of $310.2 million was funded with cash on hand of $210.2 million and borrowings under the Company’s bank credit facility. As a result of this redemption, the Company realized a loss on early extinguishment of debt, before income taxes, of approximately $17.9 million comprised of the premium paid for the redemption, the costs incurred related to the redemption and the write-off of unamortized debt issuance costs, including original issuance discount. 

Comstock has $300.0 million of 7 $^{3}$⁄ 4% senior notes (the “2019 Notes”) outstanding which are due on April 1, 2019 and bear interest which is payable semi-annually on each April 1 and October 1. Comstock also has $300.0 million of 9 $^{1}$⁄ 2% senior notes (the “2020 Notes”) which are due on June 15, 2020 and bear interest which is payable semi-annually on each June 15 and December 15. The 2019 and 2020 Notes are unsecured obligations of Comstock and are guaranteed by all of Comstock’s material subsidiaries. Such subsidiary guarantors are 100% owned and all of the guarantees are full and unconditional and joint and several obligations. As of December 31, 2013, Comstock had no material assets or operations which are independent of its subsidiaries. There are no restrictions on the ability of Comstock to obtain funds from its subsidiaries through dividends or loans. 

On January 1, 2011, Comstock had $172.0 million in principal amount of 6 $^{7}$⁄ 8% senior notes outstanding due in 2012 (the “2012 Notes”). Comstock redeemed all of the 2012 Notes in 2011 for $172.4 million. The early extinguishment of the 2012 Notes resulted in a loss of $1.1 million. This loss is comprised of the premium paid for the redemption of the 2012 Notes, the costs incurred related to the tender offer, and the write-off of unamortized debt issuance costs related to the 2012 Notes. 

## (5) Commitments and Contingencies 

## Commitments 

The Company rents office space and other facilities under noncancelable operating leases. Rent expense for the years ended December 31, 2011, 2012 and 2013 was $1.1 million, $1.4 million and $1.4 million, respectively. Minimum future payments under the leases are as follows: 

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As of December 31, 2013, the Company had commitments for contracted drilling rigs of $44.9 million through November 2015. 

