Excelerate Energy, Inc. (EE): M&A transaction — Excelerate closes $1.055B acquisition of New Fortress Energy's Jamaica LNG and power assets

Excelerate Energy, Inc.

Acquired Montego Bay LNG Terminal, Old Harbour LNG Terminal, and Clarendon CHP plant for $1.055B cash.
Funded via $212M equity (8M shares at $26.50) and $800M 8.000% senior notes due 2030.
Revolver capacity increased to $500M, maturity extended to 2029; existing term loan repaid.
CEO Kobos says deal enhances financial outlook with stable, long-term cash flows and predictable margins.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Excelerate Energy, Inc. completed an acquisition involving New Fortress Energy Inc. and Atlantic Energy Holdings LLC for $1.055 billion in cash (closed 2025-05-14).

Action: acquisition
Counterparty: New Fortress Energy Inc. and Atlantic Energy Holdings LLC
Consideration: $1.055 billion in cash
Closing: 2025-05-14

Exact text from the filing

EELP agreed to acquire the NFE Parties’ business in Jamaica for a purchase price of $1.055 billion in cash

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Excelerate Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-119845

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