
Loan & DebtApr 14, 2026, 04:41 PM
NFE Subsidiary Secures $50M Brazil Bridge Term Loan
AI Summary
New Fortress Energy Inc.'s indirect subsidiary, NFE Brazil Holdings Limited, entered into a Brazil Bridge Credit Agreement for a $50 million senior secured term loan facility. This facility carries a 10% paid-in-kind interest rate and matures on September 15, 2026, with potential extensions. The obligations are secured by NFE Brazil's assets, including equity interests in Hygo Energy Transition Ltd., and the loan is subject to customary funding conditions.
Key Highlights
- NFE Brazil Holdings secured a $50 million senior secured term loan.
- The Brazil Bridge Term Loan Facility bears 10% paid-in-kind interest.
- Maturity is September 15, 2026, with potential extensions to December 2026.
- Loan is secured by substantially all assets of NFE Brazil.
Price Impact
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