Just Energy Group Inc. Announces Increase to Credit Facility
June 28 2019 - 5:00PM
Just Energy Group Inc. Announces Increase to Credit
Facility
Just Energy Group Inc. (“
Just Energy”), is pleased
to announce that its wholly owned subsidiaries, Just Energy Ontario
L.P. and Just Energy (U.S.) Corp. have completed an increase of
their senior secured credit facility among National Bank of Canada,
as Administrative Agent, and a syndicate of lenders, from $352.5
million to $370 million. The term of the credit facility
remains unchanged with a maturity date of September 1, 2020.
The senior debt to EBITDA covenant has also been amended from a
ratio of 1.50:1 to 1.85:1 for the first quarter of Fiscal
2020.
ABOUT JUST ENERY
Just Energy (TSX:JE; NYSE:JE) is a leading
consumer company focused on essential needs, including electricity
and natural gas commodities; health and well-being, such as water
quality and filtration devices; and utility conservation, bringing
energy efficient solutions and renewable energy options to
consumers. Currently operating in the United States, Canada and the
United Kingdom, Just Energy serves residential and commercial
customers. Just Energy is the parent company of Amigo Energy,
EdgePower Inc., Filter Group Inc., Green Star Energy, Hudson
Energy, Interactive Energy Group, Just Energy Advanced Solutions,
Tara Energy, and Terrapass. Visit https://investors.justenergy.com/
to learn more.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking
statements. These statements are based on current expectations that
involve a number of risks and uncertainties which could cause
actual results to differ from those anticipated. These risks
include, but are not limited to general economic and market
conditions, levels of customer natural gas and electricity
consumption, rates of customer additions and renewals, rates of
customer attrition, fluctuations in natural gas and electricity
prices, changes in regulatory regimes, results of litigation and
decisions by regulatory authorities, competition and dependence on
certain suppliers. Additional information on these and other
factors that could affect Just Energy's operations, financial
results or dividend levels are included in Just Energy's annual
information form and other reports on file with Canadian securities
regulatory authorities which can be accessed through the SEDAR
website at www.sedar.com, on the U.S. Securities Exchange
Commission’s website at www.sec.gov or through Just Energy's
website at www.justenergygroup.com.
Neither the Toronto Stock Exchange nor the New
York Stock Exchange has approved nor disapproved of the information
contained herein.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Jim BrownChief Financial OfficerPhone: (713) 544-8191
jbrown@justenergy.com
or
Michael CummingsInvestor RelationsPhone: (617)
982-0475michael.cummings@alpha-ir.com
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