CIBC Provides $37MM L/C to Just Energy

Just Energy Group increased the capacity of its credit facility by C$50 million ($37.2 million) to C$342.5 million ($254.8 million) via a letter of credit provided by Canadian Imperial Bank of Commerce.

CIBC Agents Just Energy Group Upsize, Extension

Just Energy Group confirmed the company has renegotiated an agreement with a syndicate of lenders, including CIBC as administrative agent, which increases capacity, lengthens term and improves rate.