Gastar Exploration Ltd. - 2013-05-10
Description
Priced the offer senior secured notes due 2018 through its subsidiary, Gastar Exploration USA, in a private placement to eligible purchasers at par. 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.