debt
confidence high
sentiment neutral
materiality 0.60
Excelerate Energy prices $800M 8.000% senior notes due 2030, upsized from $700M
Excelerate Energy, Inc.
- $800M aggregate principal of 8.000% unsecured senior notes due May 15, 2030, issued at par.
- Offering upsized from originally announced $700M; expected closing May 5, 2025.
- Proceeds to fund pending $1.055B acquisition of New Fortress Energy's Jamaica business.
- Proceeds also to repay $163.6M term loan facility (Dec 31, 2024 balance) and pay fees.
- Notes guaranteed by certain restricted subsidiaries; offered under Rule 144A/Reg S.