Excelerate Energy Inc. has successfully completed its acquisition of New Fortress Energy Inc.'s business in Jamaica. The acquisition includes the Montego Bay LNG Terminal, the Old Harbour LNG Terminal, and the Clarendon combined heat and power plant. This transaction marks a significant advancement in Excelerate's downstream expansion strategy, integrating assets that align with their operational expertise and long-term LNG supply agreements. To support the acquisition, Excelerate raised approximately $1.0 billion in equity and debt financings, including an equity offering of eight million shares and an $800 million senior unsecured notes offering. Additionally, the maturity of the company's senior secured revolving credit facility was extended, with an increased borrowing capacity. This strategic move is expected to enhance Excelerate's financial outlook and support its mission to provide cleaner, cost-effective natural gas solutions in Jamaica.