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Just Energy repurchases $21.8M of convertible bonds

Just Energy Group Inc. repurchased $21.8 million of 6.50% convertible bonds due July through open market repurchases.

The Mississauga, Ontario-headquartered company funded the transaction with proceeds from a $250 million term loan that it secured in September 2018, according to a March 25 Form 6-K filing.

Just Energy previously repurchased $45.6 million of bonds in September 2018 and $60.2 million of bonds in February of this year. As of March 22, there were $22.4 million of bonds outstanding.