secwatch.observer — SEC 8-K summary
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Issuer:     New Fortress Energy Inc. (NFE)
CIK:        0001749723
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001749723-23-000048
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1749723/000174972323000048/0001749723-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1749723/000174972323000048/nfe-20231030.htm
  HTML page:      https://secwatch.observer/filing/0001749723-23-000048

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