Just Energy Announces Closing of the Early Redemption of 5.75% Convertible Debentures Due Sept 2018
March 28,2018
Just Energy Group Inc. (“Just Energy” or the "Company") announced on March 27 that it has closed its previously announced redemption of its 5.75% Convertible Debentures scheduled to mature on September 30, 2018 (TSX:JE.DB.B) (the “Redemption Debentures”).
The Company paid in cash to the holders of Redemption Debentures a redemption price equal to $1,028.0411 for each $1,000 principal amount of Redemption Debentures, being equal to the aggregate of $1,000 and all accrued plus unpaid interest thereon to but excluding today’s [March 27] date, in each case less any taxes required to be deducted or withheld (all $ Canadian).