New Fortress Energy Inc. Amends Credit Agreements, Allocates $270 Million from Asset Sale Proceeds to Extended Tranche Prior to September 2025 Deadline

Reuters
05/13
New Fortress Energy Inc. Amends Credit Agreements, Allocates $270 Million from Asset Sale Proceeds to Extended Tranche Prior to September 2025 Deadline

New Fortress Energy Inc. has entered into several key amendments to its existing credit agreements, set to bolster its financial strategy ahead of an impending asset sale. On May 12, 2025, the company finalized the Twelfth Amendment to its Credit Agreement with MUFG Bank Ltd., allowing it more flexibility with the proceeds from the sale of its Jamaican business to Excelerate Energy Limited Partnership. Notably, the amendment waives the requirement to allocate 75% of net proceeds from certain asset sales towards debt repayment, enabling the application of $270 million to the extended tranche of its existing revolving credit facility before the September 30 deadline. Additional amendments include the Fifth Amendment with Morgan Stanley Senior Funding Inc. and the Eighth Amendment with Natixis, New York Branch, collectively reinforcing New Fortress Energy's commitment to optimizing its credit structure to support business reinvestment and debt management.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Fortress Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001749723-25-000057), on May 12, 2025, and is solely responsible for the information contained therein.

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