Jones Energy,Inc. (NYSE:JONE) Files An 8-K Entry into a Material Definitive Agreement

Jones Energy,Inc. (NYSE:JONE) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement.

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On June27, 2018, Jones Energy Holdings, LLC (“JEH”), a subsidiary of Jones Energy,Inc. (the “Company”), entered into Amendment No.13 (the “Amendment”) to the Credit Agreement dated as of December31, 2009 among JEH, Wells Fargo Bank, N.A., as administrative agent, and the lenders signatory thereto (as amended, the “Credit Agreement”). Among other things, the Amendment:

· Aligns certain of the covenants contained therein with those contained in the indenture governing the Company’s 9.25% senior secured first lien notes; and

· Eliminates all financial maintenance covenants.

In connection with entering into the Amendment, the Company has repaid all outstanding borrowings under the Credit Agreement. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed with this Current Report on Form8-K as Exhibit10.1 and is incorporated by reference herein.

Item 7.01 Regulation FD.

On July2, 2018, the Company issued a press release announcing the Amendment. A copy of the press release is furnished as Exhibit99.1 hereto and is incorporated herein by reference.

The information in this Item 7.01 shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits




Amendment No.13 to Credit Agreement dated as of June27, 2018, among Jones Energy Holdings, LLC, as borrower, Jones Energy,Inc., Jones Energy, LLC, Nosley Assets, LLC, Nosley SCOOP, LLC, Nosley Acquisition, LLC, Jones Energy Finance Corp. and Nosley Midstream, LLC as guarantors, Wells Fargo Bank, N.A., as administrative agent, and the lenders party thereto.


Press Release, dated July2, 2018

Jones Energy, Inc. Exhibit
EX-10.1 2 a18-16239_1ex10d1.htm EX-10.1 Exhibit 10.1   Execution Version   AMENDMENT NO. 13 TO CREDIT AGREEMENT   This AMENDMENT NO. 13 TO CREDIT AGREEMENT (this “Agreement”) dated as of June 27,…
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About Jones Energy,Inc. (NYSE:JONE)

Jones Energy, Inc. is an independent oil and gas company engaged in the exploration, development, production and acquisition of oil and natural gas properties. The Company’s assets are located within the Anadarko and Arkoma basins of Texas and Oklahoma. It owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage, located in the Anadarko and Arkoma basins in Texas and Oklahoma. The Company’s oil is generally sold under short-term, extendable and cancellable agreements with unaffiliated purchasers. The Company’s natural gas is sold at delivery points at or near producing wells to natural gas gathering and marketing companies. Its total estimated proved reserves are approximately 101.7 million barrels of oil equivalent (MMBoe). Approximately 25% of its total estimated proved reserves consist of oil, over 32% consist of natural gas liquids (NGLs) and over 43% consist of natural gas. Its properties include over 1,020 gross producing wells.

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