New Fortress Energy Announces Closing of $856 Million Term Loan
October 30 2023 - 3:05PM
Business Wire
New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced
the closing of its $856 million aggregate principal amount of a
senior secured term loan credit facility due 2028 (the “Term
Loan”). The Term Loan will bear interest at SOFR + 5.00% per annum
and will include a prepayment option. The Company intends to use
the net proceeds from the offering, together with cash on hand, to
invest in projects and repay our existing bridge facility.
About New Fortress Energy Inc.
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy
infrastructure company founded to address energy poverty and
accelerate the world’s transition to reliable, affordable, and
clean energy. The company owns and operates natural gas and
liquefied natural gas (LNG) infrastructure and an integrated fleet
of ships and logistics assets to rapidly deliver turnkey energy
solutions to global markets. Collectively, the company’s assets and
operations reinforce global energy security, enable economic
growth, enhance environmental stewardship and transform local
industries and communities around the world.
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version on businesswire.com: https://www.businesswire.com/news/home/20231030800137/en/
Investors Chance Pipitone ir@newfortressenergy.com
Media press@newfortressenergy.com
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