Jones Energy prices upsized offering of senior notes

Jones Energy Inc.

Jones Energy Inc. (NYSE: JONE) reports that Jones Energy Holdings LLC (JEH), a subsidiary of Jones Energy, and Jones Energy Finance Corp., a subsidiary of JEH, have priced an upsized offering of $500 million in aggregate principal amount of 6.75% senior unsecured notes due 2022 at an offering price equal to 100% of par.

The offering is expected to close April 1. 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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