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Stock impact report

Jones Energy, Inc. Files for Chapter 11 Protection

JONES ENERGY INC (JONE) 
Last jones energy inc earnings: 2/27 04:15 pm Check Earnings Report
Company Research Source: 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 Company’s 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 Company’s outstanding prepetition funded debt, authorize incurrence of a fully committed exit facility, and satisfy all trade, customer, employee, and royalty claims in full in the ordinary course of business and without change or interruption to its normal payments process. On April 15, 2019, the Court entered orders approving all Show less Read more
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