Gastar Exploration Announces Capital Transaction with Funds Managed by Ares Management
Vinson & Elkins advised
Gastar Exploration Inc. (“Gastar”) in its definitive securities purchase
agreement with funds managed by affiliates of Ares Management, L.P. that
provides for $425 million in new financing to Gastar in the form of a $250
million secured term loan, $125 million secured convertible notes and a $50
million common stock issuance.