Seeking Alpha

Just Energy to sell home services business for $505M

  • Just Energy (JE) agrees to sell its water heater and HVAC home services business to Reliance Comfort Limited Partnership for $505M.
  • As a condition of closing, JE agrees to repay all outstanding borrowings of the business ($273M at fiscal year end) and pay out the remainder interest in a royalty agreement.
  • JE +0.9% premarket.
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Comments (1)
  • Eric Rasbold
    , contributor
    Comments (94) | Send Message
     
    Here it comes!

     

    Long JE.
    5 Jun 2014, 09:44 AM Reply Like
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