NEW FORTRESS ENERGY INC.


Associated tags: NFE, Natural gas, Ship, Energy, Gas, Oil, LNG, Progress Energy Inc, Utilities, Wes Edens

Locations: CENTRAL AMERICA, CARIBBEAN, MEXICO, ALTAMIRA, PUERTO RICO, PENNSYLVANIA, IRELAND, BARCARENA, NICARAGUA, BOLIVIA, UNITED STATES, NORTH AMERICA, NEW YORK

Golar LNG Partners LP Series A Preferred Cash Distribution

Retrieved on: 
Wednesday, April 24, 2024

Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQ: NFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from February 15, 2024, through May 14, 2024.

Key Points: 
  • Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQ: NFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from February 15, 2024, through May 14, 2024.
  • This will be payable on May 15, 2024, to all Series A preferred unitholders of record as of May 8, 2024.

New Fortress Energy Signs EPC Contract and Begins Construction of 1.6 GW Power Plant to Serve 15-Year Agreement in Brazil

Retrieved on: 
Wednesday, April 17, 2024

NFE has also issued full Notice to Proceed to the MHI/AG Consortium to begin construction work under the contract.

Key Points: 
  • NFE has also issued full Notice to Proceed to the MHI/AG Consortium to begin construction work under the contract.
  • The power plant will provide firm power capacity under the previously announced 15-year Capacity Reserve Contract (“Agreement”) that NFE acquired from Denham Capital and CEIBA Energy, which closed in March 2024.
  • The power plant will operate under the 15-year Agreement with the Brazilian Chamber of Electric Energy Commercialization.
  • “We are very pleased to announce this EPC Contract and the start of construction for our 1.6 GW power plant in Barcarena.

New Fortress Energy Schedules First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Monday, April 15, 2024

New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) plans to announce its financial results for the first quarter 2024 prior to 8:00 A.M. Eastern Time on Wednesday, May 8th, 2024.

Key Points: 
  • New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) plans to announce its financial results for the first quarter 2024 prior to 8:00 A.M. Eastern Time on Wednesday, May 8th, 2024.
  • A copy of the press release and an earnings supplement will be posted to the Investors section of the Company’s website, www.newfortressenergy.com.
  • In addition, management will host a conference call on Wednesday, May 8th, 2024 at 8:00 A.M. Eastern Time.
  • About New Fortress Energy Inc.
    New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy.

New Fortress Energy to Host Investor Call to Discuss its Transformative Transactions in Puerto Rico and Brazil

Retrieved on: 
Friday, March 22, 2024

New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today that management will host a conference call on Monday, March 25, 2024, at 11:00 am Eastern Time to discuss the Company's transformative transactions in Puerto Rico and Brazil.

Key Points: 
  • New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today that management will host a conference call on Monday, March 25, 2024, at 11:00 am Eastern Time to discuss the Company's transformative transactions in Puerto Rico and Brazil.
  • A replay of the conference call will be available at the same website location shortly after the conclusion of the live call.
  • About New Fortress Energy Inc.
    New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy.
  • Collectively, the company’s assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world.

New Fortress Energy Completes Previously Announced Acquisition and Transfer of 1.6 GW, 15-year Contracted Power Asset in Brazil

Retrieved on: 
Wednesday, March 20, 2024

Construction activities for the 1.6 GW power plant have commenced at NFE’s site adjacent to our existing LNG terminal located in Barcarena, Brazil.

Key Points: 
  • Construction activities for the 1.6 GW power plant have commenced at NFE’s site adjacent to our existing LNG terminal located in Barcarena, Brazil.
  • This transaction represents the value of our operational LNG terminals in Brazil and we appreciate the partnership with Denham Capital to move quickly to transfer this PPA and begin construction,” said Andrew Dete, Managing Director of New Fortress Energy.
  • For additional information on the acquisition, please reference the press release issued on December 27, 2023 on our investor relations website at https://ir.newfortressenergy.com/investor-relations.
  • About New Fortress Energy Inc.
    New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy.

New Fortress Energy Inc. Announces Early Results of its Cash Tender Offer for its 6.750% Senior Secured Notes due 2025

Retrieved on: 
Tuesday, March 19, 2024

(3) Excludes Accrued Interest, which will be paid in addition to the Tender Offer Consideration or the Total Consideration, as applicable.

Key Points: 
  • (3) Excludes Accrued Interest, which will be paid in addition to the Tender Offer Consideration or the Total Consideration, as applicable.
  • (4) For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.
  • (5) For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.
  • Due to the Tender Offer being fully subscribed as of the Early Tender Date, Notes tendered after the Early Tender Date will not be accepted for purchase pursuant to the Tender Offer.

New Fortress Energy Announces Transformative Transactions in Puerto Rico

Retrieved on: 
Monday, March 18, 2024

New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) is pleased to announce two transactions that further solidify our commitment to providing affordable and sustainable energy solutions in Puerto Rico.

Key Points: 
  • New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) is pleased to announce two transactions that further solidify our commitment to providing affordable and sustainable energy solutions in Puerto Rico.
  • The expanded volumes under the contract will enable conversion of other plants on the island from diesel to gas, providing lower cost, cleaner energy to Puerto Rico.
  • “We entered the Puerto Rico market in 2017 based on the island’s emergency need for natural gas and power.
  • About New Fortress Energy Inc.
    New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy.

New Fortress Energy Inc. Announces Increase to Previously Announced Cash Tender Offer for its 6.750% Senior Secured Notes due 2025

Retrieved on: 
Tuesday, March 5, 2024

For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.

Key Points: 
  • For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.
  • If the Tender Offer is not fully subscribed as of the Early Tender Date, Holders who validly tender Notes after the Early Tender Date may be subject to proration, whereas Holders who validly tender Notes at or prior to the Early Tender Date will not be subject to proration.
  • The Total Consideration includes an early tender payment (the “Early Tender Payment”) of $30.00 for each $1,000 principal amount of the Notes, which Early Tender Payment is in addition to the Tender Offer Consideration.
  • Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.

New Fortress Energy Inc. Announces Cash Tender Offer for up to $250,000,000 of its 6.750% Senior Secured Notes due 2025

Retrieved on: 
Tuesday, March 5, 2024

(5) For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.

Key Points: 
  • (5) For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.
  • If the Tender Offer is not fully subscribed as of the Early Tender Date, Holders who validly tender Notes after the Early Tender Date may be subject to proration, whereas Holders who validly tender Notes at or prior to the Early Tender Date will not be subject to proration.
  • The Total Consideration includes an early tender payment (the “Early Tender Payment”) of $30 for each $1,000 principal amount of the Notes, which Early Tender Payment is in addition to the Tender Offer Consideration.
  • Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.

New Fortress Energy Announces Upsizing and Pricing of $750 Million of Senior Secured Notes

Retrieved on: 
Tuesday, March 5, 2024

New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today the pricing of its previously announced private offering of $750 million aggregate principal amount of senior secured notes due 2029 (the “Notes”).

Key Points: 
  • New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today the pricing of its previously announced private offering of $750 million aggregate principal amount of senior secured notes due 2029 (the “Notes”).
  • The aggregate principal amount represents an increase in the size of the offering of $250 million from the previously announced offering of $500 million.
  • Subject to certain exceptions and thresholds, the Notes will be guaranteed on a senior secured basis by each domestic subsidiary and foreign subsidiary that is a wholly-owned restricted subsidiary of the Company that is a guarantor under its existing senior secured notes.
  • The Notes will be secured by substantially the same collateral as the Company’s existing first lien obligations under its existing senior secured notes.