Entering text into the input field will update the search result below

Just Energy to remain independent; gets C$100M committed new equity

Jul. 08, 2020 9:45 AM ETJust Energy Group Inc. (JE) StockJEBy: Carl Surran, SA News Editor5 Comments
  • Just Energy (JE -3.1%) says it will remain a standalone energy retailer and take steps to strengthen its balance sheet, after concluding a strategic review.
  • The company says a proposed recapitalization plan, including a note exchange, is expected to raise C$100M in committed new equity, reduce overall debt by C$275M and materially lower annual cash interest payments.
  • Just Energy also reports a FQ4 loss from continuing operations of C$0.93/share vs. a $0.23 loss in the year-ago quarter.
  • Given the uncertainty associated with COVID-19, the company provides a wider than normal base EBITDA guidance range of C$130M-C$160M for FY 2021.

Recommended For You

About JE Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
JE--
Just Energy Group Inc.