NFE enters $2.7B debt restructuring: $1.2B subscription + $1.5B exchange of 12% notes due 2029

New Fortress Energy Inc.

Issued $1.2B in new 12% Senior Secured Notes due 2029 via subscription and $1.5B via exchange for existing 6.5% and 8.75% notes.
$875M of net proceeds to redeem all 6.75% Senior Secured Notes due 2025; remainder for general corporate purposes.
Entered $970M Brazil Parent and $1.4B Series II intercompany loans; amended RCF/ULCA with new covenants (first lien debt ratio max 9.5x, fixed charge coverage min 0.8x).
NFE Brazil subsidiary may issue up to $350M of 15% Senior Secured Notes due 2029 at 97.75% of par to Lumina funds.
Commitment fee payable in shares at $8.63/share or PIK notes; shares subject to six-month lock-up under Registration Rights Agreement.

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