AUSTIN, Texas, May 06, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTC Pink: JONEQ) (Jones Energy or the Company) today announced that the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the Court), confirmed the prepackaged Joint Chapter 11 Plan of Reorganization of Jones Energy, Inc. and its Debtor Affiliates (the Plan). The Plan enjoys the overwhelming support of the Companys stakeholders, and the Company expects to complete its restructuring and successfully emerge from chapter 11 on May 17, 2019.
Consistent with the previously announced Restructuring Support Agreement, the Plan implements a financial restructuring of the Companys balance sheet. The Plan is specifically designed not to impact …
Read the full article at: https://www.globenewswire.com/news-release/2019/05/06/1817923/0/en/Jones-Energy-Inc-Announces-Court-Confirmation-of-Prepackaged-Plan-of-Reorganization.html