NFE Subsidiary Issues $973.5M of 12.000% Senior Secured Notes Due 2029

New Fortress Energy's subsidiary, NFE Brazil Financing Limited, has issued $973.5 million in senior secured notes in a private offering. The proceeds are intended primarily to refinance existing indebtedness and fund operational and capital needs for the company's Brazil-based operations.

Key Details

• Issuance: $973.5 million aggregate principal amount of 12.000% Senior Secured Notes due 2029, issued on June 19, 2026.
• Terms: The notes bear interest in-kind (PIK) at a rate of 12.00% per year, payable semiannually. The maturity date is November 15, 2029.
• Use of Proceeds: Approximately $477 million will be used to refinance existing debt. The remaining proceeds will fund operations, capital expenditures, working capital, and restructuring costs.