13D Filing: Ares Management Llc and Gastar Exploration Inc. (NYSEMKT:GST)

 

Explanatory Note

 

This Amendment No. 1 to the statement on Schedule 13D amends and supplements the statement on Schedule 13D filed by the Reporting Persons on March 8, 2017 (the Original Schedule 13D, and together with this Amendment No. 1, the Schedule 13D).  Terms defined in the Original Schedule 13D are used herein as so defined.

 

Item 3.     Source and Amount of Funds or Other Consideration

 

Item 3 of the Original Schedule 13D is hereby amended to add the following:

 

The aggregate purchase price paid by the Purchasers with respect to the Convertible Notes purchased from the Issuer pursuant to the Second Securities Purchase Agreement (as defined below) was $75,000,000.00. The purchase of the Convertible Notes and the shares of Common Stock was financed with cash on hand from contributions of partners of the Purchasers.

 

Item 4.     Purpose of Transaction

 

Item 4 of the Original Schedule 13D is hereby amended to add the following:

 

The information set forth in Item 6 below is incorporated by reference in its entirety into this Item 4.

 

11