Jones Energy Inc.

Jones Energy Inc. announced that, after engaging in extensive, arm’s-length, good-faith negotiations, it and holders of approximately 84% in principal of the first lien notes and approximately 84% in principal of the unsecured notes entered into a restructuring support agreement on April 2, 2019 that contemplates a comprehensive balance sheet restructuring to be implemented through a prepackaged chapter 11 plan of reorganization. The plan will fully equitize the company’s outstanding funded debt and include fully committed exit financing, strengthening its balance sheet and enhancing financial flexibility going forward.