NFE sells Jamaica LNG assets to Excelerate Energy for $1.055B cash

New Fortress Energy Inc.

Excelerate to acquire NFE's Montego Bay LNG terminal, Old Harbour FSRU, and 150 MW Clarendon power plant.
Sale price $1.055B cash; proceeds to reduce NFE corporate debt and for general corporate purposes.
Expected to close in Q2 2025, subject to customary conditions including pre-closing restructuring and debt releases.
Transaction marks key step in NFE's strategy to optimize portfolio and enhance financial flexibility.

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