Gastar Exploration Ltd. - 2013-10-29

Description

Priced the underwritten public offering of 2 million shares of its series B cumulative preferred stock with an over-allotment option at $25 per share. Net proceeds will be used to fund its capital expenditure program including costs of the Midcontinent acquisition. Barclays Capital Inc., Credit Suisse Securities (USA) LLC, MLV & Co. LLC, and Sterne, Agee & Leach Inc. are joint book-running managers. Janney Montgomery Scott LLC is lead manager. Euro Pacific Capital Inc., IBERIA Capital Partners LLC, Imperial Capital LLC, Ladenburg Thalmann & Co. Inc., Maxim Group LLC, National Securities Corp., and Northland Securities Inc. are co-managers.

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Estimated Price
$50.0MM
Financing Type
Report Date