Le Lézard
Classified in: Oil industry
Subject: OFR

Jonah Energy LLC Announces Closing $600 Million of Senior Notes Due 2025



DENVER, Oct. 4, 2017 /PRNewswire/ -- Jonah Energy LLC ("Jonah Energy") announced today that Jonah Energy and Jonah Energy Finance Corp, a subsidiary of Jonah Energy, closed an upsized offering of $600 million of 7.25% senior unsecured notes due 2025 ("Notes").  The offering was upsized from the previously announced $500 million in response to investor interest.  The Notes are senior unsecured obligations of Jonah Energy and will be guaranteed by Jonah Energy's subsidiaries. 

The Notes were issued pursuant to Rule 144A of Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), without registration rights.  The Notes and the related guarantees have not been registered under the Securities Act or the securities laws of any other state or jurisdiction and may not be offered or sold without registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable securities laws.

A portion of the net proceeds from the offering of the Notes was used to retire the existing second lien term loan and the remainder of the net proceeds will be used to pay down borrowings under Jonah Energy's revolving credit facility.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer, solicitation of an offer to buy or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

About Jonah Energy LLC
Jonah Energy LLC was created in the spring of 2014 with the acquisition of producing assets within the Jonah Field in Sublette County, Wyoming. Jonah Energy is one of the largest privately-held natural gas producers in the US and pursues a strategy of growth through the acquisition, development and enhancement of high-quality producing assets.  The company's investor group is led by TPG Capital LLC and includes EIG Global Energy Partners and management. www.jonahenergy.com

Media Enquiries
For more information, please contact Patrick Welch at 179185@email4pr.com or 720-577-1000.

SOURCE Jonah Energy LLC


These press releases may also interest you

15 déc 2017
EP Energy LLC ("EP Energy"), a wholly-owned subsidiary of EP Energy Corporation , announced that it and its wholly-owned subsidiary, Everest Acquisition Finance Inc., as co-issuer (together with EP Energy, the "Issuers"), have amended certain terms...

15 déc 2017
Alberta Wind Energy Corporation ("AWEC") is pleased to announce that the Sharp Hills Wind Farm (the "Project") has been awarded a 20 year Renewable Energy Support Agreement ("RESA") from the Government of Alberta through the Renewable Energy Program...

15 déc 2017
Alimentation Couche-Tard Inc. ("Couche-Tard") announces that it has obtained clearance from the U.S. Federal Trade Commission ("FTC") to acquire all of the issued and outstanding equity interest of Holiday Stationstores, Inc. and certain affiliated...

15 déc 2017
Bonavista Energy Corporation ("Bonavista") confirms that a quarterly dividend of $0.01 per common share will be paid in cash on January 15, 2018 to common shareholders of record on December 29, 2017. The ex?dividend date is December 28, 2017....

15 déc 2017
PANHANDLE OIL AND GAS INC. announced that its Board of Directors, at its Dec. 12, 2017, meeting, approved a payment of the regular 4 cents per share quarterly dividend. The dividend will be payable on March 8, 2018, to shareholders of record on Feb....

15 déc 2017
The Enterprising Women of the Year Awards is widely considered one of the most prestigious recognition programs for women business owners. To win, nominees must demonstrate that they have fast-growth businesses, mentor or actively support other women...




News published on 4 october 2017 at 08:30 and distributed by: