Jones Energy, Inc. Files for Chapter 11 Protection Other OTC:JONE – GlobeNewswire

AUSTIN, Texas, April 15, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTCQX: JONE) (Jones Energy or the Company) today announced that the Company, consistent with its prior announcement on April 3, 2019 regarding the Companys entry into a comprehensive Restructuring Support Agreement with its First Lien and Unsecured Noteholders, voluntarily filed petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division (the Court).

On April 14, 2019, the Company filed a pre-packaged chapter 11 plan of reorganization (the Plan), which if approved, will fully equitize the Companys outstanding prepetition funded debt, authorize incurrence of a fully committed exit…

Read the full article at: https://www.globenewswire.com/news-release/2019/04/15/1804379/0/en/Jones-Energy-Inc-Files-for-Chapter-11-Protection.html

Related Posts