Press release content from Business Wire. The AP news staff was not involved in its creation.
New Fortress Energy Signs Two Long-Term LNG Supply Agreements
December 21, 2020 GMT
NEW YORK (BUSINESS WIRE) Dec 21, 2020
New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress”) announced today that it has signed two long-term liquefied natural gas (“LNG”) supply agreements to support the Company’s natural gas and electricity businesses in Puerto Rico, Mexico, and Nicaragua. With these purchases and the previous purchases of LNG for the Company’s Jamaican operations, NFE has purchased LNG volumes equal to about 80% of its expected needs across its current portfolio of terminals and assets.
Press release content from Business Wire. The AP news staff was not involved in its creation.
New Fortress Energy Announces Pricing of $250 Million of Senior Secured Notes
December 15, 2020 GMT
NEW YORK (BUSINESS WIRE) Dec 15, 2020
New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today the pricing of its previously announced private offering of $250 million aggregate principal amount of additional 6.750% senior secured notes due 2025 (the “Additional Notes”). The Additional Notes will be issued at an issue price equal to 105.25% of principal, plus accrued interest from and including September 2, 2020. There are $1,000.0 million 6.750% senior secured notes due 2025 outstanding as of the date hereof. The Company intends to use the net proceeds from the offering for general corporate purposes. The closing of the offering is subject to certain limited conditions.