Ares and Gastar agree to $425m transaction In February 2017

Published: 04 October 2017


Ares Management agreed to a $425 million debt refinancing deal with Gastar Exploration that will let the Houston-based oil and natural gas exploration company continue developing its North American reserves. Gastar will be able to access a $250 million first secured loan, $125 million second lien secured convertible notes, and a $50 million common stock issuance.