Deal Description: August 19, 2016 – Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or the “Company”) announced today the pricing of its previously announced underwritten public offerings of 21,000,000 shares of its Class A common stock at $2.77 per share and 1,600,000 of its 8% Series A Perpetual Convertible Preferred Stock (the “Convertible Preferred Stock”) having an offering price and liquidation preference of $50 per share. The offerings were upsized from the previously announced offerings of 14,000,000 shares of Class A common stock and 1,000,000 shares of Convertible Preferred Stock. The Company has granted the underwriters a 30-day option to purchase up to an additional 3,150,000 shares of Class A common stock and 240,000 shares of Convertible Preferred Stock in the respective offerings. Both offerings are expected to settle and close on August 26, 2016, subject to customary closing conditions. 

The Company expects to receive approximately $132.2 million in net proceeds from the offerings and intends to use the net proceeds from the offerings to fund a portion of the $136.5 million purchase price of the Company’s previously announced acquisition of oil and gas properties located in the STACK/SCOOP play in Central Oklahoma. 

Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for both offerings. GMP Securities L.P. and Johnson Rice & Company L.L.C. are acting as co-managers for the offering of Class A common stock. 

Baker Botts L.L.P. represented Jones Energy in the public offerings, as well as the STACK/SCOOP play acquisition. 

Baker Botts Lawyers/Office Involved: 
• Corporate: Mollie Duckworth (Partner, Austin); Doug Rayburn (Partner, Dallas); Travis Wofford (Senior Associate, Houston); John Kaercher (Associate, Austin); Robert Goodin (Associate, Austin) 
• Tax: Steve Marcus (Partner, Dallas); Aaron Pinegar (Senior Associate, Dallas) 
• Finance: Andrew Thomison (Partner, Houston) 

For more information, please see Jones’ news release by clicking here. 

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