Question

Stock Investing Question

Can someone give me a simplified explaination of what the below article is saying? I am doing a project for a class that is supposed to analyze if investing in the company "Jones Energy" is a good idea.

https://globenewswire.com/news-release/2018/02/12/1339471/0/en/Jones-Energy-Prices-Offering-of-450-Million-of-9-25-Senior-Secured-First-Lien-Notes.html

Answer 1

About Jones Energy-
Jones Energy, Inc. is a free oil and flammable gas organization occupied with the improvement and obtaining of oil and gaseous petrol properties in the Anadarko bowl of Texas and Oklahoma. Additional info-  www.jonesenergy.com.

According to the article-
AUSTIN, Texas, Feb. 12, 2018-Jones Energy Holdings, LLC ("JEH") and Jones Energy Finance Corp. (JEFC and JEH), the two backups of Jones Energy, Inc. (NYSE:JONE) ("Jones Energy"), reported today that they have evaluated an offering of $450 million in total primary measure of 9.25% senior secured first lien notes due 2023 at an offering value equivalent to 97.526% of standard. The First Lien Notes will be senior secured first lien commitments of the Issuers and will be ensured on a senior secured first lien premise by Jones Energy and every one of the Issuers' current and future limited backups.
The offering is relied upon to close February 14, 2018, subject to fulfilment of standard shutting conditions. The Company plans to utilize net continues from the offering to reimburse everything except $25 million of the remarkable borrowings under JEH's current senior secured rotating credit office (the "Current Revolver"), to finance boring and fulfillment exercises, and for other general corporate purposes, which may incorporate constrained repurchases of the Issuers' current 6.75% senior notes due 2022 and 9.25% senior notes due 2023 (the "Current Notes"). Regarding the end of the offering, JEH means to correct and repeat the Existing Revolver too, in addition to other things,
(i) diminish the getting base from the current $350 million to $50 million,
(ii) suspend testing of our senior secured use proportion until March 31, 2019,
(iii) suspend certain pledges inconclusively, including the money related support contracts.
The securities have not been and won't be enlisted under the U.S. Securities Act of 1933, as corrected (the "Securities Act"), any state securities laws or the securities laws of some other locale, and may not be offered or sold in the United States truant enrollment or an appropriate exception from enlistment. In like manner, the securities are being offered and sold just to people sensibly accepted to be qualified institutional purchasers as per Rule 144A under the Securities Act and outside the United States independence on Regulation S under the Securities Act. This public statement does not constitute an offer to offer, or the requesting of an offer to purchase, any security and should not constitute an offer, sales or deal in any ward in which such offer, sales or deal would be unlawful.
Investor Contact
-Page Portas, 512-493-4834
Investor Relations Associate
-Robert Brooks, 512-328-2953
Executive Vice President & CFO

Futuristic statements-
This public statement contains forward-peered explanations inside the importance of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All announcements, other than proclamations of recorded actualities, incorporated into this official statement that address exercises, occasions or improvements that the Company expects, accepts or suspects will or may happen later on are forward-looking explanations. Without constraining the all-inclusive statement of the prior, such forward-looking proclamations incorporate articulations in regards to the aim to issue the First Lien Notes, to utilize offering continues to reimburse borrowings under the Existing Revolver, to finance penetrating and fulfillment exercises, and for other general corporate purposes, which may incorporate restricted repurchases of the Existing Notes, to alter and rehash the Existing Revolver, and to pay related charges and costs of the notes advertising. These announcements depend on specific suppositions made by the Company and Issuers in view of administration's understanding and impression of chronicled patterns, current financial and economic situations, expected future advancements and different variables accepted to be proper. Such articulations are liable to various suspicions, dangers and vulnerabilities, a large number of which are outside the ability to control of the Company and Issuers, which may make genuine outcomes contrast really from those inferred or communicated by the forward-looking proclamations.