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News Breaks | | | | January 2, 2013 | | 08:34 EDT |  | JE | Just Energy announces additional financing arangements for solar business
Just Energy Group announced that its subsidiary's solar business, has entered into financing arrangements with Seminole Financial Services and another institutional lender. The initial funding is for several solar projects under development in New Jersey. This financing arrangement will allow Hudson Energy Solar to complete the projects as well as utilize much of the tax incentives available for renewable energy projects. As part of the financing, Seminole has provided construction financing of approximately $12M and a debt facility of approximately $6.5M. Additionally, as part of the structure, an institutional lender has provided an aggregate investment of approximately $7M with respect to the projects. The Seminole construction loan will be repaid from the proceeds of the permanent debt facility and the institutional investment. The financing structure has the capability to be used to support additional solar projects, supporting the continued growth of Hudson Energy Solar. | |
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News For JE From The Last 14 Days Check below for free stories on JE the last two weeks. |
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| June 4, 2013 | | 07:04 EDT | | JE | Just Energy board responds to Report on Business Magazine article
The board of Just Energy Group responded to an article published in the June edition of Report on Business magazine. In the article, ROB Magazine was critical of the business of our company and its prospects. The board of Just Energy is compelled to respond in that most of the financial information quoted within the article on Just Energy is inaccurate, incomplete, and, in several cases, information has been selectively used in what can only be construed as an attempt to mislead readers. The authors freely used information supplied by admitted "short sellers" of the stock and representatives of "research" houses who similarly have been active in promoting short sales. Much of this information is proved inaccurate through a simple reading of the company's Annual Report and other filings. | |
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