Just Energy Group extends stay period and DIP facility maturity

Chicago, Nov. 11 – Just Energy Group Inc. announced that it has obtained an extension of the stay period under the Companies’ Creditors Arrangement Act to Feb. 17, 2022 and has also amended its financing term sheet with its DIP lenders to extend the maturity of the DIP facility to Sept. 30, 2022.

The extensions allow the company to continue to operate in the ordinary course of business while pursuing a restructuring plan with its stakeholders, a press release from the company stated.

Separately, Just Energy said that the court approved it entering into a support agreement with an affiliate of Generac Holdings Inc. to vote in favor of the acquisition of Just Energy’s shares of ecobee Inc. by Generac.

Just Energy is a Toronto-based retail energy provider specializing in electricity and natural gas commodities. The company filed Chapter 15 bankruptcy on March 9 under case number 21-30823.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.