---
schema_version: "secwatch.filing_event.v1"
accession: "0001749723-23-000048"
form_type: "8-K"
ticker: "NFE"
cik: "0001749723"
company_name: "New Fortress Energy Inc."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:38:20.702084+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# New Fortress Energy enters $856M Term Loan B, repays $400M August Term Loan

## Summary
- Term Loan B of $856M matures Oct 2028, interest at SOFR+5.00% or base+4.00%, quarterly principal payments of ~$2.1M starting March 2024.
- Proceeds used to repay $400M August Term Loan in full, plus working capital and fees.
- Prepayment premiums: 2% before Oct 2024, 1% before Oct 2025; excess cash flow prepayments commence FY2024.
- No financial covenants; secured by same collateral as existing 6.75% 2025 and 6.50% 2026 notes, including Altamira Fast LNG project.
- If 2025/2026 notes not refinanced 60 days before maturity, Term Loan B becomes due on that date.

## SEC filing metadata
- accession: 0001749723-23-000048
- form_type: 8-K
- ticker: NFE
- cik: 0001749723
- company_name: New Fortress Energy Inc.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1749723/000174972323000048/0001749723-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1749723/000174972323000048/nfe-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001749723-23-000048
- JSON: https://secwatch.observer/filing/0001749723-23-000048.json
- Plain text: https://secwatch.observer/filing/0001749723-23-000048.txt

## Key facts
- Debt Financings
  New Fortress Energy Inc. incurred term loan of $856 million at Term SOFR plus 5.00% or at a base rate plus 4.00% maturing October 30, 2028.
  - Instrument: term loan
  - Principal: $856 million
  - Rate: Term SOFR plus 5.00% or at a base rate plus 4.00%
  - Maturity: October 30, 2028
  - Event: incurrence
  source text: On October 30, 2023, New Fortress Energy Inc. (the "Company") entered into a credit agreement (the "Term Loan B Agreement") pursuant to which the lenders funded a term loan to the Company in an aggregate principal amount of $856 million (the "Term Loan B").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1749723/000174972323000048/0001749723-23-000048-index.htm
- Material Agreements
  New Fortress Energy Inc. entered into Term Loan B Agreement valued at $856 million (effective 2023-10-30).
  - Action: entry
  - Agreement: credit facility
  - Value: $856 million
  - Effective: 2023-10-30
  source text: On October 30, 2023, New Fortress Energy Inc. (the “Company”) entered into a credit agreement (the “Term Loan B Agreement”) pursuant to which the lenders funded a term loan to the Company in an aggregate principal amount of $856 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1749723/000174972323000048/0001749723-23-000048-index.htm
- Material Agreements
  New Fortress Energy Inc. terminated August Term Loan Agreement (effective 2023-10-30).
  - Action: termination
  - Agreement: credit facility
  - Effective: 2023-10-30
  source text: Term Loan B Credit Agreement and Prepayment of August Term Loan Agreement On October 30, 2023, New Fortress Energy Inc. (the “Company”) entered into a credit agreement (the “Term Loan B Agreement”) pursuant to which the lenders funded a term loan to the Company in an aggregate principal amount of $856 million (the "Term Loan B").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1749723/000174972323000048/0001749723-23-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.