Jones Energy Inc.

Description

Priced its public offering of 21 million Class A common shares at $2.77 each, and its public offering of 1.6 million 8% Series A convertible preferred shares at $50 each. The offerings were upsized from 14 million Class A shares and 1 million convertible shares. Net proceeds will fund part of the $136.5 million purchase price of assets in the Stack/Scoop play in Oklahoma. Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are joint book-running managers for both offerings. GMP Securities LP and Johnson Rice & Co. LLC are co-managers for the Class A stock offering.

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Companies
Estimated Price
$172.5MM
Financing Type
Report Date