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Just Energy Announces Partial Repayment of DIP Facility, The Canadian Business Journal

TORONTO, September 26, 2022 (GLOBE NEWSWIRE) — Just Energy Group Inc. (“just energy” or “Company”) (NEX: JE.H; OTC: JENGQ), a retail provider specializing in electricity and natural gas commodities, offering energy efficient solutions and renewable energy options to customers, today sold over 70 million announced that it had voluntarily repaid its US dollar principal and accrued interest. US$125 million Own Debtor Term Loan Credit Facility (“DIP facility”) provided in connection with Just Energy’s Corporate Creditors Arrangement Act (Canada) (“CCAA”) The proceedings commenced on March 9, 2021. The outstanding principal remaining in the DIP facility is he US$55 million.

More information on Just Energy’s CCAA process can be found on the Monitor’s website (http://cfcanada.fticonsulting.com/justenergy/) and the Omni Agent Solutions Cases website (https://cases.omniagentsolutions.com/?clientId=3600) Available at Information about his CCAA process at Just Energy is generally available to Monitor by phone at 416-649-8127 or 1-844-669-6340 or by email. [email protected].

About Just Energy Group Inc.

Just Energy is a retail energy provider specializing in electric and natural gas commodities, offering customers energy efficient solutions, carbon offsets and renewable energy options. Just Energy currently operates in the United States and Canada, serving residential and commercial customers. Just Energy is the parent company of Amigo Energy, Filter Group, Hudson Energy, Interactive Energy Group, Tara Energy and Terrapass. For more information, please visit https://investors.justenergy.com/.

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 that could cause actual results to differ from expectations. These risks include, but are not limited to, the ability of Just Energy Entity to continue as a going concern. As a result of proceedings under the CCAA and similar laws in the United States, including ongoing sales and solicitation processes. As a result of a potential February 2021 extreme weather litigation in Texas, resulting in a billing dispute with the Texas Electrical Reliability Council. The impact of the COVID-19 pandemic on our business, operations and sales. our ability to access sufficient capital to provide liquidity to manage our cash flow requirements; General economic, business and market conditions. Management’s ability to execute business plans. Customer’s level of natural gas and electricity consumption. extreme weather conditions; customer addition and renewal rates; Customer credit risk. customer attrition rate. Volatility in natural gas and electricity prices. interest rates and exchange rates; actions by government authorities, including energy marketing regulations; Changes in tax increases, government regulations and incentive programs. changes in the regulatory regime; consequences of lawsuits and decisions by regulators; competition; reliance on specific suppliers; Additional information regarding these and other factors that may affect Just Energy’s business or financial results is contained in Just Energy’s Form 10K and other reports filed with the U.S. Securities and Exchange Commission, You can access it at the following URL: www.sec.gov with the Canadian securities regulators, which can be accessed through the SEDAR website. www.sedar.com or from the Just Energy website investor.justenergy.com.

Please contact us for more information.

Michael Cummings
Alpha IR
Phone: (617) 982-0475
[email protected]

Michael Carter
Just Energy, Chief Financial Officer
Phone: 905-670-4440
[email protected]

Court-designated monitor
FTI Consulting Canada Ltd.
Phone: 416-649-8127 or 1-844-669-6340
[email protected]

Holly Winter
long view communication
Phone: 416-454-7595
[email protected]

Source: Just Energy Group Co., Ltd.

CBJ Newsmaker

Just Energy Announces Partial Repayment of DIP Facility, The Canadian Business Journal

Source link Just Energy Announces Partial Repayment of DIP Facility, The Canadian Business Journal

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