New Fortress Energy Inc. announced on December 9, 2024, the completion of the second and final step of its $2.7 billion issuance of new senior secured notes due in 2029. This involved the private exchange of $1.5 billion in new senior secured notes.
The exchange covered more than two-thirds of the company's outstanding senior secured notes that were originally maturing in 2026 and 2029. The newly issued $2.7 billion senior secured notes will now trade as a single class.
This comprehensive refinancing effort is a significant move to extend the company's debt maturities and enhance its financial flexibility. It is expected to reduce near-term refinancing risks and provide a more stable capital structure for New Fortress Energy.
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