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Bankruptcy

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Just Energy Announces Partial Repayment Of DIP Facility

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…

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ERCOT Initiates Mass Transition POLR Drop

ERCOT issued a market notice stating that, on July 6, 2022, an order was entered in the bankruptcy case, In re Liberty Power Holdings, LLC, Case No. 21-13797-SMG, requiring ERCOT to initiate the Mass Transition of all Electric Service Identifiers (ESI IDs) of LPT LLC DBA LPT SP LLC (LSE) (DUNS…

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Just Energy Announces Proposed Plan For Emergence From Bankruptcy; Cash Payments Or Equity To Certain Creditors; Resulting Company To Be Private

Just Energy Group Inc. ('Just Energy' or the 'Company') announced that it has entered into a Support Agreement and a Backstop Commitment Letter (each as defined below) with certain of its principal stakeholders, which provides for a comprehensive restructuring and recapitalization transaction that will be implemented pursuant to a plan of compromise and arrangement (the 'Plan') under the Companies’ Creditors Arrangement Act (the 'CCAA').

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Bankruptcy News (Page 2) | EnergyChoiceMatters.com