The Plan provides that certain creditors will receive cash payments and/or equity in exchange for their debt, and existing equityholders’ interests will be cancelled for no consideration," Just Energy said ![]() Court'), preserve the going concern value of the business, maintain customer relationships and retain employment and critical vendor and regulator relationships. "If approved, the Plan will result in Just Energy’s emergence from CCAA proceedings and cases commenced under Chapter 15 of the United States Bankruptcy Code ('Chapter 15') pending in the United States Bankruptcy Court for the Southern District of Texas (the 'U.S. ('Just Energy' or the 'Company') announced that it has entered into a Support Agreement and a Backstop Commitment Letter (each as defined below) with certain of its principal stakeholders, which provides for a comprehensive restructuring and recapitalization transaction that will be implemented pursuant to a plan of compromise and arrangement (the 'Plan') under the Companies’ Creditors Arrangement Act (the 'CCAA'). following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of Energ圜.Just Energy Announces Proposed Plan For Emergence From Bankruptcy Cash Payments Or Equity To Certain Creditors Resulting Company To Be PrivateĬopyright 2010-21 Energ圜
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |