Gastar Exploration USA, a subsidiary of Gastar Exploration Ltd. (GST), said Tuesday that it plans to offer $200 million aggregate principal amount of senior secured notes due 2018 in a private placement to eligible purchasers.
Gastar USA plans to use the net proceeds from the offering to finance the purchase price for its separately announced pending acquisition of Mid-Continent assets from Chesapeake Energy Corp., repurchase about 6.78 million shares of the Parent's common stock held by Chesapeake and settle all current litigation with Chesapeake, repay in full outstanding borrowings under its existing revolving credit facility and for general corporate purposes.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.