Jones Energy launches $300M offering of senior notes

Jones Energy Inc.

Jones Energy Inc. (NYSE: JONE) reports that, subject to market conditions, Jones Energy Holdings LLC (JEH), a subsidiary of the company, and Jones Energy Finance Corp., a subsidiary of JEH, intend to offer $300 million in aggregate principal amount of senior unsecured notes due 2022 in a private placement to eligible purchasers.

Jones Energy intends to use the net proceeds of the offering to repay all outstanding borrowings under the company’s existing second lien term loan facility and pay down borrowings under its senior secured revolving credit facility.

Jones Energy is an independent oil and natural gas company engaged in the development and acquisition of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma.

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...