Jones Energy (JONE) Announces 14M Share Common Stock, 1M Share Series A Perpetual Convertible Preferred Stock Offering

August 18, 2016 7:05 AM EDT

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Jones Energy, Inc. (NYSE: JONE) announced the launch of an underwritten public offering of 14,000,000 shares of its Class A common stock, subject to market conditions. The underwriters will have an option to purchase up to an additional 2,100,000 shares of Class A common stock from the Company.

In addition, the Company also announced today the launch of an underwritten public offering of 1,000,000 shares of its Series A Perpetual Convertible Preferred Stock at an issue price of $50 per share, subject to market conditions. The underwriters will have an option to purchase up to an additional 150,000 shares of Series A Perpetual Convertible Preferred Stock from the Company.

The Company intends to use the net proceeds from the offerings to fund all or a portion of the purchase price of the Company’s acquisition of oil and gas properties located in the STACK/SCOOP play in Central Oklahoma. Any net proceeds in excess of the purchase price for the pending acquisition will be used for general corporate purposes, which may include leasehold interest and property acquisitions and working capital.

Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offerings. When available, copies of the prospectus supplements for the offerings may be obtained on the website of the Securities and Exchange Commission (“SEC”), www.sec.gov, or by contacting the underwriters as follows:

Credit Suisse Securities (USA) LLCAttention: Prospectus DepartmentOne Madison AvenueNew York, NY 10010Telephone: (1-800-221-1037)Email: newyork.prospectus@credit-suisse.com

J.P. Morgan Securities LLCc/o Broadridge Financial SolutionsAttention: Prospectus Department (1-866-803-9204)1155 Long Island Ave.Edgewood, NY 11717

The Class A common stock and the Series A Perpetual Convertible Preferred Stock will be issued and sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the SEC.



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