Jones Energy Holdings LLC and Jones Energy Finance Corp. opened an exchange offer for $250 million, in outstanding principal amount, of 9.25% senior notes due 2023 for an equal amount of new identical notes due the same year, parent company Jones Energy Inc. (JONE) said Jan. 13.
The transfer restrictions, registration rights and additional interest provisions relating to the outstanding notes do not apply to the exchange notes. Outstanding notes that are not exchanged will remain subject to the existing restrictions on transfer.
The exchange offer will expire on Feb. 11, unless extended, Jones said. Wells Fargo Bank NA is the exchange agent.
Jones Energy Inc. is based in Austin, Texas.
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