Just Energy Group, an energy management solutions provider specializing in electricity, natural gas, solar and green energy, confirmed the company has renegotiated an agreement with a syndicate of lenders which includes long-time lender, Canadian Imperial Bank of Commerce, as administrative agent along with current lender National Bank of Canada as co-lead arrangers and joint book runners.

The agreement extends Just Energy’s credit facility for an additional three years to September 1, 2018. The line has been set at $277.5 million with an accordion for Just Energy to draw up to $350 million.

“We are extremely pleased with the agreement reached with a number of our traditional banking partners and the addition of new partners,” says Deb Merril, co-chief executive officer of Just Energy.