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Just Energy early redeems C$25M of senior unsecured notes

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Just Energy early redeems C$25M of senior unsecured notes

Just EnergyGroup Inc. said March 31 that it has early redeemed C$25 million ofits 9.75% senior unsecured notes due June 2018 at a little more than C$28.3million.

"Our ability to generate significant cash flow isallowing us to aggressively reduce long-term debt and place the company on moresecure financial footing while adhering to Just Energy's commitment tomaintaining a capital-light business model," Just Energy President and Co-CEODeb Merril said.

The company said it had C$80 million of remaining notesoutstanding as of March 31.