PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 3:25 PM
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Slide #271. Just Energy Group Inc. — Preferred Stock Offering
Company:
Just Energy Group Inc. (JE)
Date announced:
1/30/2017
Shares Offered:
4,000,000
Date of Pricing:
1/30/2017
Price Per Share:
$25.00
Preferred Stock Offering Details:
Just Energy Group Inc. ("Just Energy") (TSX:JE)(NYSE:JE), a leading retail energy provider specializing in electricity and natural gas commodities, energy efficiency solutions, and renewable energy options, announced today that it has priced its underwritten public offering of 4,000,000 of its 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares (the "Preferred Shares") at a public offering price of US$25.00 per Preferred Share. Just Energy has granted the underwriters a 30-day option, exercisable in whole or in part, to purchase up to 600,000 additional Preferred Shares. The offering is expected to close on or about February 7, 2017, subject to customary closing conditions.
Just Energy Group is engaged in the sale of natural gas and or electricity to residential and commercial customers, under long-term fixed-price, price-protected or variable-priced contracts, in Canada the U.S. and the United Kingdom. Through its subsidiaries, Co. is engaged in renting and selling tankless water heaters, furnaces and air conditioners and smart thermostats. Co. also offers green products through its JustGreen and JustGreen Lifestyle programs.
Preferred: JE.PRA
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Avg. Broker Rec.
 
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Sell (1.00 out of 4) 11st percentile
(ranked lower than approx. 89% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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