debt
confidence high
sentiment neutral
materiality 0.80
NFE issues $1.2B of 12% Senior Secured Notes due 2029; redeems $875M 6.75% Notes due 2025
New Fortress Energy Inc.
- Issued ~$1.207B aggregate principal of 12% Senior Secured Notes due Nov 2029; net proceeds ~$1.2B.
- Used ~$887M to redeem in full $875M of Existing 6.75% Senior Secured Notes due 2025.
- Entered Brazil Parent Credit Agreement and Series I Credit Agreement each ~$970M at 16.6% interest.
- Amended credit agreements extending deadline for exchange transactions to Dec 3/16, 2024.
- Expect to exchange ~$1.5B New Notes for ~$990M Existing 2026 Notes and ~$514M Existing 2029 Notes.