Just Energy Completes Sale Transaction; Emerges From CCAA
December 19, 2022 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Just Energy Group Inc. and Just Energy (U.S.) Corp. ("Just Energy" or the "Company") today announced that it has closed its previously reported sale transaction completed in connection with Just Energy’s proceedings under the Companies’ Creditors Arrangement Act (Canada) (CCAA).
"The Company emerges from the process with a new ownership group, strengthened balance sheet and a continued focus on growth," Just Energy said
"With the closing of this transaction, the Company can return its full focus to what it does best, providing high-quality services and growing our business," said Interim President and Chief Executive Officer Michael Carter. "Our relationships with our customers, suppliers, vendors and employees have always been our focus and we look forward to enhancing all of these relationships as we move forward with our business plan."
Effective on completion of the transaction, the Company is no longer a reporting issuer in Canada and is no longer subject to the CCAA proceedings.