JE - JE STOCK NEWS

Just Energy Group announced the successful closure of its recapitalization plan, aimed at reducing debt and enhancing liquidity. With a reconstituted Board featuring five new directors, the company is positioned for sustainable growth. Key actions include a 1-for-33 share consolidation and the exchange of existing debentures and loans for common shares and new subordinated notes, ensuring a stronger financial footing. The recapitalization led to an approximate C$100 million cash inflow, set to reduce debt further. Just Energy is now strategically equipped to focus on its core business.

Just Energy Group Inc. (TSX:JE; NYSE:JE) has received approval from the U.S. Federal Energy Regulatory Commission for its Recapitalization Transaction. This marks a significant step in the company's restructuring efforts aimed at reducing its debt and interest expenses. The transaction is expected to close around September 28, 2020, providing Just Energy a pathway to enhance its financial stability. With operations spanning Canada and the U.S., Just Energy focuses on electricity and natural gas supply, as well as energy-efficient solutions.

Just Energy Group Inc. (TSX:JE; NYSE:JE) announced that it is awaiting approval from the Federal Energy Regulatory Commission to close its Plan of Arrangement, which has received all necessary stakeholder approvals. This Plan includes a recapitalization that will enhance financial flexibility with an estimated C$100 million cash injection, while reducing net debt and preferred shares by approximately C$520 million. The company aims to strengthen its position for sustainable growth as a leader in the retail energy market.

Just Energy Group Inc. (TSX:JE; NYSE:JE) reported a strong Q1 for fiscal 2021, with Base EBITDA from continuing operations increasing by 67% to $40.5 million. The company reaffirmed its Base EBITDA guidance of $130 million to $160 million for the fiscal year. A recapitalization plan was approved, significantly enhancing financial flexibility with an equity injection of over $100 million and reducing net debt by approximately $520 million. However, the total customer count decreased by 6% to 3.2 million due to COVID-19 selling constraints.

Just Energy Group Inc. has announced the release of its operating results for Q1 fiscal 2021, set for August 28, 2020. A conference call with CEO Scott Gahn and CFO Jim Brown will commence at 11:00 a.m. ET to discuss these results. Investors can participate by dialing the specified numbers or via a live webcast. Just Energy, a retail energy provider, focuses on electricity, natural gas, and energy-efficient solutions for residential and commercial customers across the U.S. and Canada.

Just Energy Group Inc. (TSX:JE; NYSE:JE) announced strong stakeholder approval for its recapitalization plan, aimed at enhancing financial stability. The recapitalization involves over $100 million in equity injection and a reduction of net debt and preferred shares by approximately $520 million, expected to be implemented in September 2020. The plan will also reconstitute the Board of Directors to support its strategic direction. Stakeholders voted with significant majorities in favor of the plan, reflecting a commitment to the company's future growth and operational improvements.

Just Energy Group Inc. (TSX:JE) has announced updates to its proposed recapitalization plan, aimed at enhancing its financial stability. The plan, supported by approximately C$68 million in commitments from convertible debenture holders, includes cash payments of accrued interest and the issuance of C$15 million in new subordinated notes. With high stakeholder approval indicated by preliminary voting results, Just Energy postpones shareholder meetings to August 27, 2020, to allow for further consideration of the updated terms. This strategic move is designed to position Just Energy for sustainable growth.

Just Energy Group announced the postponement of its special meetings of securityholders and the Annual General Meeting to facilitate ongoing discussions with debtholders. Initially scheduled for August 25, 2020, the meetings aimed to vote on a recapitalization plan under the Canada Business Corporations Act announced on July 8, 2020. The Company is taking these steps to enhance its financial stability and address its debt obligations more effectively.

Just Energy Group confirms it will release its operating results for the first quarter of fiscal 2021 before market open on August 24, 2020. A conference call with CEO Scott Gahn and CFO Jim Brown will take place on the same day at 11:00 a.m. ET to discuss the results. Participants can call 1-877-501-3160 in the U.S. and Canada or 1-786-815-8442 internationally. A replay will be available post-event. The company highlights its focus on providing renewable energy options and efficient solutions across North America.