secwatch.observer — SEC 8-K summary
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Issuer:     New Fortress Energy Inc. (NFE)
CIK:        0001749723
Form:       8-K
Filed at:   2025-05-21T23:59:59+00:00
Accession:  0001749723-25-000073
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NFE closes $1.055B sale of Jamaica LNG business to Excelerate Energy; repays $279M debt
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- Closed sale of Jamaica assets (Montego Bay terminal, Old Harbour FSRU, 150 MW CHP plant) for $1.055B cash on May 14, 2025.
- Proceeds used to repay $224.1M South Power Bonds and $55.0M Term Loan A; net cash increased ~$677M.
- Pro forma shows removal of Jamaica operations: revenue down ~$94M in Q1 2025, $358M in FY2024.
- Recognized pre-tax gain on sale of $488.3M in pro forma 2024; non-recurring transaction costs of $45.2M estimated.
- Amended RCF waives 75% asset-sale debt prepayment requirement; $270M applied to extended tranche due Sept 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1749723/000174972325000073/0001749723-25-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1749723/000174972325000073/nfe-20250514.htm
  HTML page:      https://secwatch.observer/filing/0001749723-25-000073

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