American Standard Energy Corp. (ASEN), an emerging exploration and production company, announced an expansion of its existing credit agreement with Pentwater Capital Management further strengthening the Company's financial and operating position, providing additional development capital for the Company.

Under the terms of the amendment, Pentwater has provided an additional $5 million of credit for development purposes in exchange for an amended Secured Convertible Promissory Note of $25 million from ASEN 2, Inc., a wholly-owned subsidiary of American Standard. The Note is guaranteed by the Company. All other terms and conditions ...