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GASTAR EXPLORATION INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

August 15, 2014



Item 1.01 Entry into a Material Definitive Agreement.

Master Assignment, Agreement and Amendment No. 4 to Second Amended and Restated Credit Agreement

On August 13, 2014, Gastar Exploration Inc. (the "Company") entered into a Master Assignment, Agreement and Amendment No. 4 to Second Amended and Restated Credit Agreement ("Amendment No. 4"), among the Company, as Borrower, Wells Fargo Bank, National Association, as Administrative Agent, Collateral Agent, Swing Line Lender and Issuing Lender, and in its capacity as a Lender, the Assignee, and the other lenders party thereto. Amendment No. 4 amended the Second Amended and Restated Credit Agreement (the "Credit Agreement") to, among other things, increase the borrowing base under the Credit Agreement from $120,000,000 to $145,000,000.

A copy of Amendment No. 4 is attached as Exhibit 10.1 to this Form 8-K and incorporated herein by reference and is hereby filed. The description of Amendment No. 4 in this Form 8-K is a summary and is qualified in its entirety by reference to the complete text of such agreement.

Relationships

Certain parties to the Credit Agreement and Amendment No. 4, or their respective affiliates (collectively, the "Banks"), perform and have performed commercial and investment banking and advisory services for the Company from time to time for which they receive and have received customary fees and expenses. In addition, Wells Fargo Bank, National Association, is the trustee for the Company's 8 5/8 Senior Secured Notes due 2018. The Banks may, from time to time, engage in transactions with and perform services for the Company in the ordinary course of their business, for which they will receive fees and expenses.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information included under the heading "Master Assignment, Agreement and Amendment No. 4 to Second Amended and Restated Credit Agreement" in Item 1.01 of this Form 8-K is incorporated by reference into this Item 2.03 by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following is a list of exhibits filed as part of this Form 8-K:

Exhibit No. Description of Document 10.1 Master Assignment, Agreement and Amendment No. 4 to Second Amended and Restated Credit Agreement, dated August 13, 2014.



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Source: Edgar Glimpses


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