AmericasCorporate

New Fortress plans to raise $1.5 billion to fund Golar deal

By LNG Prime Staff
New Fortress raising $1.5 billion to fund Golar deal
Image: New Fortress Energy

Wes Edens-led New Fortress Energy plans to raise $1.5 billion via a private offering in order to fund a part of its previously announced deal to buy two Golar units.

The US firm said on Tuesday it intends to offer $1.5 billion in principal amount of senior secured notes due September 2026, subject to market and other conditions.

NFE said it would use a portion of the net proceeds from this offering to fund the cash consideration for its acquisition of Golar LNG Partners and pay related fees and expenses.

In addition, the firm aims to use any remaining proceeds from this offering for general corporate purposes, including making investments in developing projects.

NFE has this year announced several developments as it looks to build up its LNG business.

Besides the $5 billion Golar deal, NFE recently also revealed a plan to build a floating liquefaction unit.

Most Popular

LNG Terminals

Glenfarne still expects Texas LNG FID by end of this year

US energy firm Glenfarne confirmed it is targeting a final investment decision on its planned 4 mtpa Texas LNG export project in the port of Brownsville by the end of 2025 after the US FERC issued the final supplemental environmental impact statement for the project.
LNG Terminals

Kosmos: Tortue FLNG to hit full capacity in Q4

UK-based energy giant BP and its partners expect the 2.7 mtpa Golar FLNG Gimi, which serves the Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal, to reach its nameplate capacity in the fourth quarter of this year, according to US-based Kosmos Energy.
LNG Terminals

Equinor’s Hammerfest LNG back online after maintenance

Norwegian energy firm Equinor has resumed operations at its 4.3 mtpa Hammerfest LNG export plant following an extended maintenance shutdown, a spokesperson for Equinor told LNG Prime on Monday.

More News Like This

Corporate

Excelerate raises 2025 guidance after Jamaica deal

US FSRU player Excelerate Energy raised its full-year 2025 adjusted Ebitda guidance range following the recent acquisition of New Fortress Energy's business in Jamaica.
Contracts and Tenders

NFE inks second FSRU charter deal with Egypt’s EGAS

Egypt’s EGAS has signed a second deal with US LNG player New Fortress Energy to charter a floating storage and regasification unit (FSRU).
LNG Terminals

Another FSRU arrives in Egypt

The 160,000-cbm FSRU Energos Eskimo has arrived in Egypt from Jordan, according to shipping data. The unit is one of four FSRUs that will serve a charter deal with Egypt's EGAS as the country seeks to meet its growing demand for natural gas.
Contracts and Tenders

Avenir LNG seals charter deal with Excelerate

UK-based small-scale firm Avenir LNG has secured a multi-year extension for its 7,500-cbm vessel Avenir Accolade with US FSRU player Excelerate Energy.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA