secwatch / observer
8-K filed March 23, 2023, 7:59 PM ET ticker EE CIK 0001888447
M&A confidence high sentiment neutral materiality 0.60

Excelerate Energy exercises option to buy FSRU Sequoia for $265M, close April 2023

Excelerate Energy, Inc.

item 1.01item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Excelerate Energy, Inc. entered into Purchase Agreement with Anemoesa Marine Inc. valued at $265 million (effective 2023-03-23).

Action
entry
Agreement
asset purchase
Counterparty
Anemoesa Marine Inc.
Value
$265 million
Effective
2023-03-23
Exact text from the filing
On March 23, 2023, Excelerate Energy Limited Partnership (“EELP”), the entity through which Excelerate Energy, Inc. (the “Company”) conducts its business, exercised an option to purchase the Floating Storage Regasification Unit (“FSRU”) Sequoia for a purchase price of $265 million (the “Sequoia Purchase”) from Anemoesa Marine Inc., a company incorporated under the laws of the Republic of the Marshall Islands (“Seller”). The Sequoia Purchase was undertaken pursuant to the terms of that certain Memorandum of Agreement Saleform 2012 between EELP and Seller (the “Purchase Agreement”).
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Excelerate Energy, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-078041
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