Jones Energy Inc. (JONE) priced a public secondary offering of 5 million Class A common shares owned by affiliates of Metalmark Capital LLC, the selling stockholders, Jones said May 14.
The shares were priced at $10 each.
Metalmark granted underwriter J.P. Morgan Securities LLC a monthlong option to purchase 750,000 additional shares.
Metalmark will receive the net proceeds of $50 million.
The offering is scheduled to close May 19.
Austin, Texas-based Jones Energy Inc. develops and acquires oil and natural gas in the Anadarko and Arkoma basins.
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