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

Thu Sep 15, 2016 5:37pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Sept 15 (Reuters) - Just Energy Group Inc :

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

* Debentures will mature on December 31, 2021

* Debentures will bear interest from date of issue at 6.75 pct per annum, with interest payable semi-annually

* Intends to use net proceeds from offering to redeem remaining $55 million aggregate principal amount outstanding

* Redeem remaining outstanding $55 million of 9.75 pct senior unsecured notes,minimum of $225 million of 6.0 pct convertible debentures due June 30,2017 Source text for Eikon: Further company coverage: