NEW YORK - New Fortress Energy Inc. (NASDAQ: NASDAQ:NFE), a global energy infrastructure company, announced its intention to offer $500 million in senior secured notes due 2029 in a private offering, depending on market conditions.
The notes are expected to be guaranteed by most of the company's domestic and foreign wholly-owned restricted subsidiaries, aligning with its existing senior secured notes. They will also be secured by collateral similar to the company's current first lien obligations.
The company aims to allocate the net proceeds from this debt offering to repay a portion of its existing debt, including associated fees and expenses, and to potentially cover general corporate expenses.
The offering targets qualified institutional buyers in the United States under Rule 144A and international persons under Regulation S, both in accordance with the Securities Act of 1933. These notes and their guarantees will not be publicly traded in the U.S. without registration or an exemption from the registration requirements.
New Fortress Energy has stated that this press release is not an offer to sell or a solicitation of an offer to buy the securities described herein. The sale of these securities will not proceed in any jurisdiction where such an offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that jurisdiction.
The company's press release includes forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements concern the completion of the offering and the anticipated use of net proceeds. However, New Fortress Energy acknowledges that actual results may vary significantly due to various risks and uncertainties.
Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results may differ materially from those anticipated in such statements. New Fortress Energy does not intend to update these forward-looking statements, even if new information becomes available in the future.
The information in this article is based on a press release statement from New Fortress Energy Inc.
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