Excelerate Energy to acquire NFE's Jamaica LNG and power assets for $1.055B cash

Excelerate Energy, Inc.

Acquisition includes Montego Bay LNG Terminal, Old Harbour LNG Terminal, and Clarendon CHP plant.
Purchase price of $1.055B cash; funded with $850M fully committed bridge facility and cash on hand.
Expected close as early as Q2 2025, subject to regulatory and other customary conditions.
Deal is immediately accretive to EPS; weighted average remaining contract tenor ~13 years (21 years incl. extensions).
86% of contracted revenue is Take-or-Pay as of Dec 31, 2024; ~$2.9B cumulative Take-or-Pay direct margin 2025-2039.

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