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.
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