[Context: On October 4, TPG Capital and EIG Global-backed Jonah Energy announced the upsizing of an offering of senior unsecured notes to $600m. Further details and related links are below.]

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.

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.

Related Links