BB&T Capital Markets Serves as a Co-Lead Manager on Just Energy Group Inc.’s Fixed to Floating Perpetual Preferred Stock Offering
BB&T Capital Markets’ Energy Group completed a transaction for an energy management solutions provider in the first quarter of 2017, helping to raise $100mm in gross proceeds for our client.
Just Energy intends to use the net proceeds from the offering to support liquidity, and pre-fund debt maturities in 2018 and 2019. The Company has granted the underwriters a 30-day option to purchase an additional 600,000 Preferred shares to cover over-allotments.
About the Companies
Just Energy is a retailer of electricity and natural gas in deregulated markets in the United States, Canada, the U.K., and Germany. The company serves approximately 2 million retail and commercial customers providing a broad range of energy solutions. Just Energy Group Inc. is the parent company of Amigo Energy, Commerce Energy, Green Star Energy, Hudson Energy, Just Energy Solar, Tara Energy and TerraPass.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 11 distinct industry verticals including Aerospace, Defense & Government Services; Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.