Just Energy Group Inc. Announces Option to Extend Maturity Date of Outstanding Convertible Bonds Due July 29, 2019
July 17 2019 - 5:00PM
Just Energy Group Inc. Announces Option to Extend Maturity Date of
Outstanding Convertible Bonds Due July 29, 2019
Just Energy Group Inc. (“
Just Energy”) announced
today that it has provided notice to holders (the
“
Bondholders”) of its outstanding USD $22.4
million of its 6.50 per cent Convertible Bonds (the
“
Bonds”), which are due to mature on 29 July 2019,
of an option to extend the maturity of the Bonds to 31 December
2020 (the “
Extension Option”). If any
Bondholder does not accept the Extension Option in accordance with
the terms of the notice, or chooses to decline the Extension
Option, the Bonds held by it shall be redeemed on 29 July 2019 at
their principal amount. The Extension Option is granted
subject to the consent of certain other lenders to Just Energy.
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, including the
acceptance of the Extension Option. 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
Just Energy (NYSE:JE)
Historical Stock Chart
From Aug 2024 to Sep 2024
Just Energy (NYSE:JE)
Historical Stock Chart
From Sep 2023 to Sep 2024