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Just Energy closes US$150 million bond offering

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Just Energy Inc.

On January 29, 2014, Just Energy Group Inc. (“Just Energy”) announced the closing of its European focused offering (the “Offering”) of senior unsecured convertible bonds due 2019 (the “Bonds”) for gross proceeds to Just Energy of US$150,000,000. The Bonds are convertible into common shares of Just Energy. Applications will be made for the Bonds to be admitted to the Official List of the UK Listing Authority and admitted to trading on the Professional Securities Market of the London Stock Exchange. In connection with the Offering, ISM Capital LLP and Mackie Research Capital Corporation acted as joint bookrunners and joint lead managers. Just Energy is primarily a retailer of natural gas and electricity, with close to two million residential and commercial customers in North America and the U.K. Just Energy was advised in this transaction by a team from Fasken Martineau DuMoulin LLP’s Toronto and London Office that included, among others, Aaron Stefan and Louise Kennedy (Banking and Finance), John Sabetti, June Paddock and Christopher Steeves (tax).



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