Gastar Exploration Ltd. - 2013-05-07

Description

Intends to offer senior secured notes due 2018 through its subsidiary, Gastar Exploration USA, in a private placement to eligible purchasers. Net proceeds will be used to finance the purchase of assets from, repurchase stock held by, and settle all current litigation with Chesapeake Energy Corp., repay outstanding borrowings under its existing revolving credit facility, and for general corporate purposes.

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Estimated Price
$200.0MM
Financing Type
Report Date