Jones Energy (JONE) Prices $132M Common Stock, Series A Perpetual Convertible Preferred Offering

Jones Energy, Inc. Prices Upsized Public Offering of 21,000,000 Shares of Class A Common Stock and 1,600,000 Shares of 8% Series A Perpetual Convertible Preferred Stock

AUSTIN, Texas, Aug. 19, 2016 (GLOBE NEWSWIRE) -- Jones Energy, Inc. (NYSE: JONE) (Jones Energy or the Company) announced today the pricing of its previously announced underwritten public offerings of 21,000,000 shares of its Class A common stock at $2.77 per share and 1,600,000 of its 8% Series A Perpetual Convertible Preferred Stock (the Convertible Preferred Stock) having an offering price and liquidation preference of $50 per share. The offerings were upsized from the previously announced offerings of 14,000,000 shares of Class A common stock and 1,000,000 shares of Convertible Preferred Stock. The Company has granted the underwriters a 30-day option to purchase up... More