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Imperial Capital Remains Bullish on Jones Energy (JONE) Following Announced Acquisition - PT to $3.75

Go back to Imperial Capital Remains Bullish on Jones Energy (JONE) Following Announced Acquisition - PT to $3.75

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

August 19, 2016 7:00 AM EDT

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

Jones Energy, Inc. Announces STACK/SCOOP Acquisition

August 18, 2016 7:00 AM EDT

AUSTIN, Texas, Aug. 18, 2016 (GLOBE NEWSWIRE) -- Jones Energy, Inc. (NYSE: JONE) (Jones Energy or the Company) today announced the signing of a definitive purchase and sale agreement to acquire approximately 18,000 net acres primarily in southern Canadian and northern Grady Counties in Oklahoma for $136.5 million.  The Company anticipates the transaction will close by the end of September, subject to completion of due diligence, satisfaction of customary closing conditions and obtaining certain consents.    

Highlights

Enhances Midcontinent position with entry into one of the most coveted resource plays... More

Jones Energy, Inc. Launches Public Offerings of Class A Common Stock and Series A Perpetual Convertible Preferred Stock

August 18, 2016 7:00 AM EDT

AUSTIN, Texas, Aug. 18, 2016 (GLOBE NEWSWIRE) -- Jones Energy, Inc. (NYSE: JONE) (Jones Energy or the Company) announced today 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... More