Just Energy repays $70 million principal amount of DIP facility

By Wendy Van Sickle

Columbus, Ohio, Sept. 26 – Just Energy Group Inc. voluntarily repaid $70 million of principal plus accrued interest of the $125 million debtor-in-possession term loan credit facility provided in connection with its Companies’ Creditors Arrangement Act (CCAA) proceedings, according to a news release Monday.

The outstanding principal remaining under the DIP facility is $55 million.

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, 2021 under case number 21-30823.

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