Just Energy Announces Partial Repayment Of DIP Facility
September 26, 2022 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Just Energy Group Inc. ('Just Energy' or the 'Company') 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.