New Fortress Energy Announces Proposed Offering of $250 Million of Senior Secured Notes

Rhea-AI Summary

New Fortress Energy (NASDAQ: NFE) plans to offer an additional $250 million of 6.750% senior secured notes due 2025, subject to market conditions. This adds to the existing $1,000 million outstanding in the same notes. The company aims to use the net proceeds for general corporate purposes. The offering will be available to qualified institutional buyers in the U.S. and outside the U.S. under specific exemptions from registration. This press release contains forward-looking statements which involve risks and uncertainties, and actual results may differ.

Positive

• Intention to raise $250 million, enhancing capital structure.
• Existing $1 billion in secured notes indicates strong market interest.

Negative

• Dependent on market conditions, which may affect the success of the offering.
• Forward-looking statements indicate uncertainty regarding future performance.

New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today that it intends to offer $250 million aggregate principal amount of additional 6.750% senior secured notes due 2025 (the “Additional Notes”) in a private offering, subject to market conditions. There are $1,000.0 million 6.750% senior secured notes due 2025 outstanding as of the date hereof. If consummated, the Company intends to use the net proceeds from the offering of the Additional Notes for general corporate purposes.

The Additional Notes and the guarantees thereof will be offered in the United States to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States under Regulation S under the Securities Act. The Additional Notes and the guarantees thereof will not be registered under the Securities Act or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About New Fortress Energy Inc.

New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.

Cautionary Language Regarding Forward-Looking Statements

This press release contains forward-looking statements, including but not limited to statements regarding the consummation of the offering or the Company’s anticipated use of the net proceeds from the offering. All statements contained in this press release other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “targets,” “potential” or “continue” or the negative of these terms or other comparable terminology. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors.

All forward-looking statements speak only as of the date on which it is made. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in our annual, quarterly and other reports we file with the SEC. We undertake no duty to update these forward-looking statements, even though our situation may change in the future. Furthermore, we cannot guarantee future results, events, levels of activity, performance, projections or achievements.

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FAQ

What is New Fortress Energy planning to offer?

New Fortress Energy intends to offer $250 million of additional 6.750% senior secured notes due 2025.

How much in senior secured notes does New Fortress Energy already have outstanding?

The company has $1,000 million in 6.750% senior secured notes due 2025 already outstanding.

What will the proceeds from the additional notes be used for?

The net proceeds will be used for general corporate purposes.

Who can purchase the additional senior secured notes?

The additional notes will be offered to qualified institutional buyers in the U.S. under Rule 144A and to persons outside the U.S. under Regulation S.

Are the additional notes registered under the Securities Act?

No, the additional notes will not be registered under the Securities Act or any state securities laws.