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.

 

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