Austin, Texas-based Jones Energy Holdings, LLC and Jones Energy Finance Corp. have announced an offer to exchange any and all of their $250,000,000 outstanding principal amount of 9.25 percent Senior Notes due 2023 for an equal amount of new 9.25 percent Senior Notes due 2023.
The two are subsidiaries of Jones Energy, Inc., a firm that focuses on western Oklahoma and the Texas Panhandle in new energy production.
The exchange offer will expire at 5 p.m., New York City time on Feb. 11, 2016. The terms of the exchange notes are identical in all material respects to those of the outstanding notes, except that the transfer restrictions, registration rights and additional interest provisions relating to the outstanding notes do not apply to the exchange notes.
