Gastar Exploration Ltd. - 2013-10-28
Description
Commenced an underwritten public offering of series B cumulative preferred stock with an over-allotment option. 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.