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Client Work

Just Energy completes its invitation to holders to offer to sell 2019 Convertible Bonds

Fasken
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Client

Just Energy Group Inc.

On September 12, 2018, Just Energy Group Inc. (TSX:JE; NYSE:JE) (“Just Energy”), a leading consumer company specializing in electricity and natural gas commodities, energy efficiency solutions, and renewable energy options, invited holders of the outstanding US$150,000,000 6.50 per cent. convertible bonds due July 2019 (the “Bonds”) to sell to Just Energy for cash any and all of their Bonds (the “Invitation”). The purchase price per US$200,000 principal amount of the Bonds validly offered for sale was set at US$202,000. As of the expiration deadline, US$45,600,000 in aggregate principal amount of the Bonds had been validly tendered pursuant to the Invitation. HSBC Bank plc acted as lead dealer manager and National Bank Financial Inc. acted as co-dealer manager. Lucid Issuer Services Limited acted as tender agent in respect of the Invitation. Fasken acted as Canadian counsel to Just Energy with a team led by John Sabetti and including Laura Konkel (securities/corporate), Aaron Stefan, Louise Kennedy, Dev Singh and Daniel Conrad (banking).

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