NEW YORK – (AFTERNOON PRAYER) – New Fortress Energy Inc. announced (NASDAQ: NFE) (the “Company”) today announced the previously announced private offering prices of $ 1.5 billion of the total principal amount of confirmed notes payable 2026 (the “Notes”). The Notes will have interest at 6.500% per annum and will be issued at a journal price equal to 100% of the principal, plus accrued interest, if any, from April 12, 2021. Closure of the offer is subject to your specific conditions.
Subject to certain exceptions and thresholds, the Notes are guaranteed on a high secure basis by all domestic and foreign subsidiaries which are the wholly owned limited subsidiary of the Company which is the guarantor under the high-security notes it contains. The Notes shall be consolidated with the same alignment as the Company’s first lien liabilities under the existing high security notes.
The Company intends to use a portion of the net proceeds from this offer to consider funding for the prior announcement of Golar LNG Partners LP and to pay fees and associated costs. The offer is not subject to completion of construction. The Company intends to use any monies remaining from this offer for general corporate purposes, including investing in project development. The Notes will be subject to certain compulsory repurchase. If the construction is not consolidated on or before 13 October 2021, the Notes will be repurchased at a price equal to 100% of the principal total of the Notes, plus accrued interest and no payment of principal. of Notes to, but not including, the specific mandatory repurchase date.
The Notes and their undertakings were offered in the United States to customers of a certified institution under Rule 144A under the Securities Act of 1933, as amended (“the Securities Act”), and to persons outside the United States under Regulation S under the Operating Securities. The Notes and Promises thereof shall not be registered under the Securities Act or the secure laws of any state, and, unless so registered, may not be offered or sold in the United States absent registration or appropriate exemption from registration requirements.
This press release does not include an offer to sell or bid for offer to purchase the securities described herein, and no sale of such securities shall be made in any other state or jurisdiction. in which an offer, bid or sale would be illegal. before registering or obtaining a certificate under such jurisdictional security laws.
About New Fortress Energy Inc.
New Fortress Energy 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 deliver fully integrated turnkey energy solutions that enable economic growth, strengthen environmental stewardship and transform industries and businesses. local communities.
Warning language for forward-looking statements
This press release contains forward-looking statements, including but not limited to statements regarding the consolidation of the offer or the Company’s expected use of the net profits from the offer. All statements in this press release are in addition to the historical information of the forward-looking statements that include known and unknown risks and relate to future events, our financial performance in the the future or our intended business outcomes. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expect,” “plans,” “expect,” “believe, ”“ Estimates, ”“ predictions, ”“ projects, ”“ targets, ”“ potential ”or“ follow ”or negative of these terms or other comparative terms. Such forward-looking statements may be estimates based on current information and involve a number of risks and uncertainties. Actual events or results may differ materially from the results expected in these forward-looking statements due to a number of factors.
All forward-looking statements speak only from the date on which they are made. When considering forward-looking statements, you should bear in mind the risk factors and other warning statements included in our annual, quarterly and annual reports. else we file with the SEC. We take no responsibility for updating these forward-looking statements, even if our situation may change in the future. In addition, we cannot guarantee future results, events, activity levels, performance, projections or achievements.