debt
confidence high
sentiment neutral
materiality 0.60
NFE Brazil subsidiary issues $973.5M of 12% senior secured notes due 2029
New Fortress Energy Inc.
- Issued $973.5M aggregate principal amount of 12.000% Senior Secured Notes due November 15, 2029.
- Proceeds to refinance ~$477M of existing debt and fund operations, capex, and working capital.
- Notes are secured, unregistered, and subject to a turnover agreement benefiting the parent company.
- Holders of two-thirds of outstanding notes may consent to convert them into debt/equity of NFE Brazil or a parent entity.