Jones Energy, Inc. Prices Upsized Offering of $500 Million of 6.75% Senior Notes

AUSTIN, Texas--()--Jones Energy, Inc. (NYSE: JONE) (“Jones Energy” or the “Company”) announced today that Jones Energy Holdings, LLC (“JEH”), a subsidiary of Jones Energy, and Jones Energy Finance Corp., a subsidiary of JEH, priced an upsized offering of $500 million in aggregate principal amount of 6.75% senior unsecured notes due 2022 at an offering price equal to 100% of par.

The offering is expected to close April 1, 2014, subject to satisfaction of customary closing conditions. Jones Energy intends to use the net proceeds of the offering to repay all outstanding borrowings under the Company’s existing second lien term loan facility and pay down borrowings under its senior secured revolving credit facility.

The securities to be offered have not been registered under the Securities Act of 1933, as amended, (the "Securities Act"), or any state securities laws; and unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes are expected to be eligible for trading by qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S.

This press release is being issued pursuant to Rule 135c under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

About Jones Energy

Jones Energy, Inc. is an independent oil and natural gas company engaged in the development and acquisition of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma.

Contacts

Jones Energy, Inc.
Robert Brooks, 512-328-2953
Executive Vice President & CFO
Or
Cathleen King, 512-672-7192
Investor Relations

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Contacts

Jones Energy, Inc.
Robert Brooks, 512-328-2953
Executive Vice President & CFO
Or
Cathleen King, 512-672-7192
Investor Relations