Jones Energy plans to pay down revolver with proceeds of notes, stock

By Angela McDaniels

Tacoma, Wash., Feb. 10 – Jones Energy, Inc. plans to repay borrowings under its revolving credit facility, according to company news releases.

The company will fund the paydown with the proceeds of a private placement of $250 million of 9¼% senior notes due 2023, a $50 million registered direct offering of class A common stock and the sale of 7 million shares through a public offering.

Magnetar Capital and affiliates of GSO Capital Partners LP are the investors for the private placement and the registered direct offering.

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

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