New Fortress Energy Financing Update
New Fortress Energy (NASDAQ: NFE) announced the completion of the first step in a $2.7 billion issuance of new senior secured notes due 2029. The initial step involved funding $1.2 billion in new notes. The second step, expected to close in early December, will issue and privately exchange $1.5 billion in new notes. This transaction aims to refinance $2.4 billion of existing bonds, extend the maturity of $900 million of a $1 billion Revolving Credit Facility to October 2027, and raise approximately $325 million in gross proceeds. Combined with a $400 million common equity offering completed in September, this marks a significant milestone in strengthening the company's balance sheet and positioning it for future growth. The second step is subject to customary closing conditions.
New Fortress Energy (NASDAQ: NFE) ha annunciato il completamento del primo passo in un'emissione di nuove note senior garantite del valore di 2,7 miliardi di dollari, con scadenza nel 2029. Il primo passo ha previsto il finanziamento di 1,2 miliardi di dollari in nuove note. Il secondo passo, previsto per chiudere ai primi di dicembre, emetterà e scambierà privatamente 1,5 miliardi di dollari in nuove note. Questa transazione mira a rifinanziare 2,4 miliardi di dollari di obbligazioni esistenti, estendere la scadenza di 900 milioni di dollari di una linea di credito revolving da 1 miliardo di dollari fino a ottobre 2027 e raccogliere circa 325 milioni di dollari in proventi lordi. Combinato con un'offerta di azioni ordinarie da 400 milioni di dollari completata a settembre, questo segna una pietra miliare significativa nel rafforzare il bilancio dell'azienda e nel posizionarla per una futura crescita. Il secondo passo è soggetto a condizioni di chiusura abituali.
New Fortress Energy (NASDAQ: NFE) anunció la finalización del primer paso en una emisión de nuevas notas garantizadas senior por un valor de 2.7 mil millones de dólares, con vencimiento en 2029. El paso inicial implicó la financiación de 1.2 mil millones de dólares en nuevas notas. Se espera que el segundo paso, que se cerrará a principios de diciembre, emita e intercambie privadamente 1.5 mil millones de dólares en nuevas notas. Esta transacción tiene como objetivo refinanciar 2.4 mil millones de dólares en bonos existentes, extender el vencimiento de 900 millones de dólares de una Línea de Crédito Revolvente de 1 mil millones de dólares hasta octubre de 2027, y recaudar aproximadamente 325 millones de dólares en ingresos brutos. Combinado con una oferta de capital común de 400 millones de dólares completada en septiembre, esto marca un hito significativo en el fortalecimiento del balance de la empresa y su posicionamiento para un crecimiento futuro. El segundo paso está sujeto a condiciones de cierre habituales.
New Fortress Energy (NASDAQ: NFE)는 2029년 만기 예정인 27억 달러 규모의 새로운 선순위 보증채권 발행의 첫 번째 단계 완료를 발표했습니다. 초기 단계는 12억 달러 규모의 새로운 채권 자금을 조달하는 것이었습니다. 두 번째 단계는 12월 초에 마감될 예정이며, 15억 달러 규모의 새로운 채권을 발행하고 개인적으로 교환할 것입니다. 이번 거래는 기존 채권 24억 달러를 재융자하고, 10억 달러 규모의 회전 신용 시설의 9억 달러 만기를 2027년 10월까지 연장하며, 약 3억 2500만 달러의 총 수익을 올리는 것을 목표로 하고 있습니다. 9월에 완료된 4억 달러 규모의 일반 자본 제공과 결합하여 이는 회사의 재무 상태를 강화하고 향후 성장을 위한 입지를 다지는 데 중요한 이정표가 됩니다. 두 번째 단계는 일반적인 마감 조건에 따릅니다.
New Fortress Energy (NASDAQ: NFE) a annoncé l'achèvement de la première étape d'une émission de nouvelles obligations senior garanties d'une valeur de 2,7 milliards de dollars, arrivant à échéance en 2029. La première étape a impliqué le financement de 1,2 milliard de dollars en nouvelles obligations. La deuxième étape, qui devrait se clôturer début décembre, émettra et échangera privément 1,5 milliard de dollars en nouvelles obligations. Cette transaction vise à refinancer 2,4 milliards de dollars d'obligations existantes, à prolonger l'échéance de 900 millions de dollars d'une ligne de crédit renouvelable de 1 milliard de dollars jusqu'en octobre 2027, et à lever environ 325 millions de dollars de produits bruts. Associé à une offre de capital commun de 400 millions de dollars réalisée en septembre, cela marque une étape significative dans le renforcement du bilan de l'entreprise et la positionne pour une croissance future. La deuxième étape est soumise aux conditions de clôture habituelles.
New Fortress Energy (NASDAQ: NFE) gab bekannt, dass der erste Schritt in einer Emission neuer senior gesicherter Schuldverschreibungen mit einem Volumen von 2,7 Milliarden Dollar, fällig 2029, abgeschlossen wurde. Der erste Schritt beinhaltete die Finanzierung von 1,2 Milliarden Dollar in neuen Schuldverschreibungen. Der zweite Schritt, der Anfang Dezember abgeschlossen werden soll, wird 1,5 Milliarden Dollar in neuen Schuldverschreibungen ausgeben und privat tauschen. Diese Transaktion zielt darauf ab, bestehende Anleihen im Wert von 2,4 Milliarden Dollar umzuschulden, die Fälligkeit von 900 Millionen Dollar einer revolvierenden Kreditlinie von 1 Milliarde Dollar bis Oktober 2027 zu verlängern und etwa 325 Millionen Dollar an Bruttoerlösen zu erzielen. Zusammen mit einer im September abgeschlossenen Eigenkapitalerhöhung von 400 Millionen Dollar stellt dies einen bedeutenden Meilenstein zur Stärkung der Bilanz des Unternehmens dar und positioniert es für zukünftiges Wachstum. Der zweite Schritt unterliegt den üblichen Abschlussbedingungen.
- Completed first step of $2.7 billion issuance of senior secured notes due 2029.
- Raised $1.2 billion in new senior secured notes.
- Plans to refinance $2.4 billion of existing bonds.
- Extending maturity of $900 million of $1 billion Revolving Credit Facility to October 2027.
- Raised approximately $325 million in gross proceeds.
- Combined with $400 million equity offering, strengthens balance sheet.
- Second step of the transaction is subject to customary closing conditions with no assurance of completion.
Insights
This significant refinancing transaction strengthens NFE's financial position considerably. The
- Extending debt maturities by refinancing
$2.4 billion of existing bonds - Securing additional
$325 million in liquidity - Extending
$900 million of the revolving credit facility to 2027
The Transaction will be completed in two steps; the first step completed was the funding of
As a result of the Transaction, the Company will achieve three key objectives:
-
Refinancing
$2.4 billion -
Extending the maturity of
$900 million $1 billion -
Raising approximately
$325 million
The Transaction, in combination with the approximately
About New Fortress Energy Inc.
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the Company’s assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements and information that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, the Company’s future financial performance or the Company’s projected business results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of those words or other comparable words. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition or the stock prices of the Company. These forward-looking statements represent the Company’s expectations or beliefs concerning future events, and it is possible that the results described herein will not be achieved. These forward-looking statements are necessarily estimates based upon current information and are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the Company’s annual report, quarterly and other reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement. The Company undertakes no duty to update these forward-looking statements, even though its situation may change in the future.
Source: New Fortress Energy Inc.
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Source: New Fortress Energy Inc.
FAQ
What is the total amount raised by New Fortress Energy through the new senior secured notes?
How much did New Fortress Energy raise in the first step of the transaction?
When is the second step of the New Fortress Energy note issuance expected to close?
What are the objectives of New Fortress Energy's $2.7 billion note issuance?
What is the maturity date for the new senior secured notes issued by New Fortress Energy?
