Press release
New Fortress Energy Inc. Announces Cash Tender Offer for up to $250,000,000 of its 6.750% Senior Secured Notes due 2025
NEW YORK--(BUSINESS WIRE)-- New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) today announced the commencement of a tender offer (the “Tender Offer”) to
About this update from New Fortress Energy Inc.
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nNew Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) today announced the commencement of a tender offer (the “Tender Offer”) to purchase for cash up to $250,000,000 in aggregate principal amount (as such aggregate principal amount may be increased or decreased by the Company, the “Aggregate Maximum Principal Amount”) of its outstanding 6.750% Senior Secured Notes due 2025 (the “Notes”). The Tender Offer is being made pursuant to an Offer to Purchase, dated March 5, 2024 (the “Offer to Purchase”).\n\n\nThe Tender Offer is subject to customary conditions, including, among others, that the Offeror receive gross proceeds of at least $500 million from a debt financing on terms and conditions acceptable to the Offeror. The Offeror intends to complete a Debt Financing in connection with the Tender Offer, subject to market conditions, and upon the successful completion of such Debt Financing, together with any and all other conditions of the Tender Offer, the Offeror intends to use a portion of the proceeds from such Debt Financing (net of transaction fees and expenses) to finance the Offeror’s purchase of Notes pursuant to the Tender Offer.\n\n\nThe following table sets forth the Tender Offer Consideration, the Early Tender Payment and the Total Consideration (each, as defined herein) for the Tender Offer:\n\n\n\n\nTitle of Note\n\n\n\n\n\n\nCUSIP /ISIN\n(144A)(1)\n\n\n\n\n\n\nCUSIP /ISIN\n(Reg S)(1)\n\n\n\n\n\n\nPrincipal Amount\nOutstanding\n\n\n\n\n\n\nAggregate Maximum Principal Amount\n\n\n\n\n\n\nTender Offer Consideration\n(2)(3)\n\n\n\n\n\n\nEarly Tender Payment\n(3)(4)\n\n\n\n\n\n\nTotal Consideration\n(3)(5)\n\n\n\n\n\n\n\n\n6.750% Senior Secured Notes due 2025\n\n\n\n\n\n\n644393 AA8 / US644393AA81\n\n\n\n\n\n\nU6422PAA6 / USU6422PAA67\n\n\n\n\n\n\n$1,250,000,000\n\n\n\n\n\n\n$250,000,000\n\n\n\n\n\n\n$975\n\n\n\n\n\n\n$30\n\n\n\n\n\n\n$1,005\n\n\n\n\n\n\n\n(1) No representation is made as to the correctness or accuracy of such CUSIP or ISIN numbers; such numbers are provided solely for the convenience of the Holders (as defined below).\n\n\n(2) Per $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Expiration Date (as defined herein).\n\n\n(3) Excludes accrued and unpaid interest (“Accrued Interest”), which will be paid in addition to the Tender Off...