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Just Energy Announces Redemption of $13,200,000, Extension of $9,200,000 of 2019 Convertible Bonds
July 30,2019 Just Energy Group Inc. (“Just Energy” or the “Company”) announced that it has redeemed US$13,200,000 in aggregate principal amount of its 6.50 percent convertible bonds due July 29, 2019 (the “Bonds”). In addition, holders of US$9,200,000 in aggregate principal amount of the Bonds elected to extend the maturity date of the Bonds to December 31, 2020, pursuant to an option offered by the Company as previously reported. The redemption was funded through the financing announced by the Company on September 12, 2018. All Bonds redeemed have been submitted for cancellation.
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