Readers could have seen your ad here when reading this story. Email
       Events        Jobs        Contact        Migration Stats        Supplier Lists        Municipal Aggregation

Just Energy Announces Closing of $100M Convertible Unsecured Senior Subordinated Debentures

February 23,2018

Just Energy Group Inc. (“Just Energy” or the "Company") announced that it has closed its previously announced $100,000,000 (all $ Canadian) public offering (the “Offering”) of convertible unsecured senior subordinated debentures (the “Debentures”) at a price of $1,000 per Debenture, bearing interest at 6.75% per annum and maturing on March 31, 2023 (the “Maturity Date”).

Each $1,000 principal amount of the Debentures is convertible at the option of the holder at any time prior to the close of business on the last business day immediately preceding the earlier of the Maturity Date and the date fixed for redemption, into 112.3596 common shares of Just Energy, representing a conversion price of $8.90 per common share, subject to certain anti-dilution adjustments. The Debentures are listed on the Toronto Stock Exchange under the symbol JE.DB.D.

Just Energy also announced today that it will redeem on March 27, 2018 (the “Redemption Date”) its 5.75% Convertible Debentures scheduled to mature on September 30, 2018 (TSX:JE.DB.B) (the “Redemption Debentures”). On the Redemption Date, Just Energy will pay in cash to the holders of Redemption Debentures a redemption price equal to $1028.0411 for each $1,000 principal amount of Redemption Debentures, being equal to the aggregate of $1,000 plus all accrued unpaid interest thereon to but excluding the Redemption Date, in each case less any taxes required to be deducted or withheld. Formal notice of redemption is being delivered to the holders of Redemption Debentures in accordance with the terms of the trust indenture governing such debentures.

Just Energy   Finance  

Comment on this story

NEW Jobs on
Executive Director -- Retail Supplier
Director/Manager Channel Sales -- Retail Supplier -- Houston
Director of Billing Operations
Analyst, Supply/Settlements -- Retail Supplier -- Houston
Manager of Supply -- Retail Provider -- Dallas

More Stories on
Just Energy: US Appeals Court Affirms Use of the Outside Sales Exemption
Just Energy Announces Results of Invitation to Holders to Offer to Sell 2019 Convertible Bonds
Just Energy Unveils Strategic Plan and Financial Targets at Investor Day
Vistra Energy Announces Early Results of Cash Tender Offers for Senior Notes
ENGIE North America Completes Financing of Live Oak Wind Project in Texas, Offtake Agreement

comments powered by Disqus

Advertise here:

Events Jobs Contact Migration Stats Supplier Lists Municipal Aggregation

About Disclaimer Privacy Terms of Service


Developed by: Avidweb Technologies inc.