Loan & DebtJun 25, 2026, 04:46 PM
New Fortress Energy Subsidiary Issues $973.5M Senior Secured Notes
AI Summary
NFE Brazil Financing Limited, a subsidiary of New Fortress Energy Inc., issued $973.5 million aggregate principal amount of 12.000% Senior Secured Notes due 2029. These notes are senior secured obligations, guaranteed by NFE Brazil's subsidiaries, and mature on November 15, 2029. A payment and turnover agreement was also established to prioritize certain intercompany claims of the parent company. The indenture includes various covenants limiting NFE Brazil's financial activities and provisions for redemption and repurchase.
Key Highlights
- NFE Brazil issued $973.5 million in 12.000% Senior Secured Notes.
- Notes mature on November 15, 2029, with semiannual interest payments.
- The notes are senior secured obligations, guaranteed by NFE Brazil subsidiaries.
- A Turnover Agreement prioritizes parent company's intercompany claims.
- Indenture includes covenants limiting NFE Brazil's financial activities.
- Notes are redeemable at 100% principal; repurchasable at 101% on change of control.
Price Impact
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