New fortress energy announces closing of $856 million term loan

New york--(business wire)--new fortress energy inc. (nasdaq: nfe) (the “company”) announced the closing of its $856 million aggregate principal amount of a senior secured term loan credit facility due 2028 (the “term loan”). the term loan will bear interest at sofr + 5.00% per annum and will include a prepayment option. the company intends to use the net proceeds from the offering, together with cash on hand, to invest in projects and repay our existing bridge facility. about new fortress energ.
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