PR Newswire
WILMINGTON, Del., Sept. 4, 2018
WILMINGTON, Del., Sept. 4, 2018 /PRNewswire/ -- Aedes LLC,
a Delaware limited liability company, announced today that it has retained the law firm of
Hunton Andrews Kurth LLP to advise and represent it in relation to its investment in the Series A and Series B Preferred Stock of
Gastar Exploration Incorporated (NYSE American: GST) ("Gastar"). On August 1, 2018, Gastar issued a
press release announcing "Efforts to Consider Restructuring Transaction Proposals". The press release explained that a Board
committee has been "tasked with exploring financial, transactional, and strategic alternatives, including a potential
restructuring of Gastar's balance sheet".
As such restructuring proposals have a high probability of impacting the holders of both Gastar's Series A and Series B
Preferred Stock, Aedes felt compelled to retain counsel with deep experience advising companies and investors in restructuring
transactions. Retention of Hunton Andrews Kurth is done with the intention to ensure that Gastar
conducts a fair and transparent restructuring process that takes into account the legitimate interests of holders of
Gastar's Series A and Series B Preferred Stock.
In addition to retention of counsel, Aedes LLC also announced it is interested in hearing from other holders of Gastar's
Series A or Series B Preferred Stock. A deeper understanding of the composition of the class of Preferred Stock may prove helpful
as Gastar's restructuring efforts progress. There may come a time when the Preferred Stock class needs to speak with a unified
voice in relation to those restructuring efforts. To facilitate this effort, Aedes LLC has created a shareholder contact survey.
The survey and other information can be found at the following link https://gstpreferred.aedesllc.com. Please utilize this link if you have an interest in contacting Aedes in
relation to those efforts. This press release and the survey linked to herein do not constitute an offer to sell or a
solicitation of an offer to buy any shares of Gastar's Series A or Series B Preferred Stock or any other securities of Gastar or
other issuers.
About Aedes LLC : Aedes LLC is a privately held business development company that seeks to make debt and equity investments in
middle market businesses in the United States and internationally. Inquiries:
investor.relations@aedesllc.com.
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SOURCE Aedes LLC