⛽️New Chapter 11 Bankruptcy Filing - Jones Energy Inc.⛽️
Jones Energy Inc.
April 14, 2019
Austin-based independent oil and natural gas E&P company, Jones Energy Inc., filed a prepackaged chapter 11 bankruptcy to restructure its $1.009b of debt ($450mm senior secured first lien notes and $559mm unsecured notes across two tranches). In case you didn’t realize, oil and gas exploration and production is a capital i…