PostRock Energy Corp. - 2010-09-21

Secured $60 million investment from White Deer Energy LP to reduce outstanding debt by approximately $59 million. Existing credit agreements were also restructured on more favorable terms. White Deer has reserved an additional $30 million to invest in PostRock on mutually acceptable terms to fund future growth. Immediately following the closing, PostRock's debt was $258.8 million, comprising $200 million drawn against $225 million available under a revolving credit facility, a $15 million term loan secured by the KPC Pipeline and a $43.8 million loan that is nonrecourse to PostRock and is secured solely by certain Appalachian assets that are currently for sale.