debt
confidence high
sentiment neutral
materiality 0.85
NFE closes $1.52B second tranche of 12% notes, issues 15.7M shares as fee
New Fortress Energy Inc.
- NFE Financing issued $1.520B aggregate principal of 12.000% Senior Secured Notes due 2029 to supporting holders on Dec 6, 2024.
- Company issued 15,700,998 Class A common shares to supporting holders as commitment fee; locked up until June 6, 2025.
- Entered $1.43B Series II Term Loan credit agreement, maturing Nov 2029, secured by same collateral as existing notes.
- Brazil Parent borrowed remaining $95M under $970M term facility; Company borrowed final $95M of Series I Term Loans.
- Supplemental indentures to 2026 and 2029 notes adopted removing certain covenants; amendments to existing term loan B and revolving credit facility effective Dec 6.