The $885M senior secured notes due 2029 will fund operations in Brazil and carry a 12% annual interest rate.
New Fortress Energy secured $885M through a senior secured notes offering for its Brazil subsidiary. The notes, maturing in 2029, carry a 12% annual interest rate payable in kind semiannually.
The financing aims to recapitalize operations in Brazil, though no prior funding details or consensus estimates were disclosed. The high yield reflects elevated risk amid market conditions.
No immediate market reaction was reported following the announcement.