OTCPK:JENGQ - Post by User
Post by
smalltimeinveston Jul 02, 2020 11:59am
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I guess this is perhaps a little better news
I guess this is perhaps a little better newshttps://seekingalpha.com/pr/17919710-just-energy-announces-amendments-to-debt-covenants
The senior debt to EBITDA covenant ratio has eased a bit from when the preferred dividends were suspended December 2, 2019.
It has gone down slightly from 2.15:1 on December 2, 2019 to 2.00:1 today.
Still a very long hole to get out of, before the preferreds start getting paid, let alone the common holders.
GLTA