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Prospect News home > News index > List of issuers J > Headlines for Jones Energy, Inc. > News item
Published on 2/10/2015 in the Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Jones Energy to privately place $250 million of 9¼% senior notes

By Lisa Kerner

Charlotte, N.C., Feb. 10 – Jones Energy, Inc. announced it will issue $250 million of 9¼% senior notes due 2023 at 94.59 in a private placement.

The company said it expects to use the proceeds to repay borrowings under its revolving credit facility.

Magnetar Capital and affiliates of GSO Capital Partners LP committed to purchase the notes from Jones Energy Holdings, LLC, a subsidiary of Jones Energy, and Jones Energy Finance Corp., a subsidiary of Jones Energy Holdings, according to a company news release.

Barclays acted as placement agent.

Jones Energy is an oil and natural gas company based in Austin, Texas.


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