Just Energy Group Inc. Announces Redemption of US$13,200,000 and Extension of US$9,200,000 of its 2019 Convertible Bonds
July 29 2019 - 5:07PM
Just Energy Group Inc. (TSX:JE; NYSE:JE) (“
Just
Energy” or the “
Company”) announced today
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.
ABOUT JUST ENERGY
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 and 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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