BRIEF-Just Energy reports $160 million public offering of convertible unsecured senior subordinated debentures

Thu Sep 15, 2016 4:16pm EDT
 
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Sept 15 (Reuters) - Just Energy Group Inc :

* Just Energy Group Inc. announces $160 million public offering of convertible unsecured senior subordinated debentures

* Intention to redeem remaining outstanding $55 million of its 9.75 pct senior unsecured notes

* Intention to redeem minimum of $225 million of its 6.0 pct convertible debentures due June 30, 2017

* Intends to use proceeds to redeem remaining $55 million aggregate principal amount outstanding under 9.75 pct senior unsecured notes due 2018

* Just Energy Group Inc says debentures will mature on December 31, 2021

* Agreed to issue, on a "bought deal" basis, $160 million of convertible unsecured senior subordinated debentures at $1,000 per debenture Source text for Eikon: Further company coverage: