by Valerie Jones
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Rigzone Staff
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Thursday, April 04, 2019
Austin, TX-based independent energy company has entered a restructuring agreement with plans to officially file for bankruptcy later this month.
U.S. independent Jones Energy, Inc. entered into a restructuring support agreement (RSA) on Tuesday, the company announced.
The RSA contemplates a comprehensive balance sheet restructuring that will be implemented through a prepackaged Chapter 11 plan of reorganization, the company said in a statement.
The restructuring plan will allow for Jones Energy…
Read the full article at: https://www.rigzone.com/news/jones_energy_files_for_chapter_11_bankruptcy-04-apr-2019-158527-article/