New Fortress Energy to launch $835 million term loan on Monday

By Sara Rosenberg

New York, Oct. 13 – New Fortress Energy Inc. (NFE) is scheduled to hold a lender call at 2 p.m. ET on Monday to launch an $835 million senior secured first-lien term loan B, according to a market source.

Morgan Stanley Senior Funding Inc., MUFG, Natixis, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., JPMorgan Chase Bank, Santander, Wells Fargo Securities LLC and Deutsche Bank Securities Inc. are the leads on the deal.

In addition to benefitting from a pari passu pledge of the collateral of NFE’s existing senior secured notes, the new term loan B will benefit from a collateral package that includes NFE’s FLNG1 1.4 MTPA liquefier, the source said.

Proceeds will be used to repay an existing $400 million 364-day bridge loan and for general corporate purposes, including planned capital expenditures.

New Fortress Energy is a New York-based energy infrastructure company.

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