debt
confidence high
sentiment neutral
materiality 0.60
New Fortress Energy amends credit facility; PortoCem unit plans R$4.5B debenture issuance
New Fortress Energy Inc.
- Second Amendment to credit agreement pledges equity in certain Unrestricted Subsidiaries and excludes Brazil assets from Excluded Assets.
- PortoCem registers up to R$4.5 billion in debentures, coordinated by BNDES, to refinance debt and fund PortoCem Power Plant construction.
- Existing bridge loan for PortoCem expected to be repaid concurrently with initial debenture issuance.
- Debentures secured by pledge of PortoCem shares, machinery, credit rights, and a corporate guarantee from New Fortress Energy.