Jonah Energy plans to repay revolver via securitized financing

By Wendy Van Sickle

Columbus, Ohio, Oct. 20 – Jonah Energy LLC plans to repay all outstanding borrowings under its existing credit facility with some proceeds of its inaugural securitized financing transaction, according to a company notice.

The securitized financing comprised the offering by an affiliate of $750 million fully amortizing notes backed by a portion of Jonah's producing assets. Additional proceeds will be used for general corporate purposes.

San Antonio-based Jonah Energy acquires and operates producing oil and gas properties located onshore in North America.

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