Just Energy Announces Partial Repayment of the DIP Facility
TORONTO, Sept. 26, 2022 (GLOBE NEWSWIRE) — Just Energy Group Inc. (“Just Energy” or the “Company”) (NEX:JE.H; OTC:JENGQ), a retail provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, today announced that it voluntarily repaid US$70 million of principal plus accrued interest of the US$125 million debtor-in-possession term loan credit facility (the “DIP Facility”) provided in connection with Just Energy’s Companies’ Creditors Arrangement Act (Canada) (“CCAA”) proceedings commenced on March 9, 2021. The outstanding principal remaining under the DIP Facility is US$55 million.
Related news for (NEX)
- Morning Market Briefing: Micro-Caps Primed for Breakouts
- NextDecade Announces 2.0 MTPA LNG Sale and Purchase Agreement with JERA from Rio Grande LNG Train 5
- NEXE Innovations Announces Financial Results for the Three Months Ended February 28, 2025
- NEXE Innovations Surpasses 1 Million Pods Milestone with New Canadian Orders, Progress Being Made on Potential U.S. Expansion Strategy
- Breaking News: MoBot’s Latest Update as of 04/08/25 11:00 AM