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BRIEF-Just Energy Announces Amendments To Recapitalization Plan

Published 2020-08-26, 09:21 a/m
© Reuters.

Aug 26 (Reuters) - Just Energy Group Inc JE.TO :

* JUST ENERGY ANNOUNCES AMENDMENTS TO RECAPITALIZATION PLAN, SUPPORT AGREEMENTS WITH CONVERTIBLE DEBENTURE HOLDERS, AND UPDATED TIMING FOR APPROVAL VOTES

* JUST ENERGY GROUP INC - TO PAY ACCRUED AND UNPAID INTEREST IN CASH ON CONVERTIBLE DEBENTURES UNTIL CLOSING OF RECAPITALIZATION

* JUST ENERGY GROUP INC - TO ISSUE C$15 MILLION PRINCIPAL AMOUNT OF NEW SUBORDINATED NOTES TO HOLDERS OF CONVERTIBLE DEBENTURES

* JUST ENERGY GROUP INC - RECEIVES COMMITMENT OF SUPPORT FROM A SIGNIFICANT BLOCK OF CONVERTIBLE DEBENTURE HOLDERS FOR PLAN TO DE-RISK BUSINESS

* JUST ENERGY GROUP - TO ENABLE STAKEHOLDER CONSIDERATION OF UPDATED TERMS, WILL POSTPONE REQUIRED APPROVAL VOTES TO AUGUST 27

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