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

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.

- Advertisements -

Most Popular

Sempra targets Cameron LNG expansion FID in H1 2025

US LNG exporter Sempra Infrastructure, a unit of Sempra, expects to take a final investment decision to expand its...

Cedar LNG FID pushed back

Canada’s Pembina Pipeline and the Haisla Nation have again postponed a final investment decision on their Cedar floating LNG...

Golar inks framework FLNG deal

Floating LNG player Golar LNG said it had signed a framework agreement with a "potential customer" for a long-term...

More News Like This

NFE expects to launch Altamira LNG production in March

US LNG firm New Fortress Energy expects to start production of liquefied natural gas at its first FLNG project...

FSRU arrives at NFE’s Barcarena terminal in Brazil

The 160,000-cbm FSRU, Energos Celsius, has arrived at New Fortress Energy's terminal in Barcarena, Brazil following a trip from...

NFE wraps up Energos stake sale

US LNG player New Fortress Energy has completed the sale of its 20 percent equity interest in Energos Infrastructure...

NFE gets customs ruling for Altamira FLNG project

US Customs and Border Protection has issued a ruling confirming that the transportation of LNG produced at New Fortress...