New Fortress to repay $800 million loan with proceeds of notes

By Sara Rosenberg

New York, Aug. 17 – New Fortress Energy Inc. plans to repay the $800 million of outstanding borrowings under its credit facility using proceeds from an $800 million senior secured notes offering, according to a market source.

Along with the repayment, the company will terminate the credit agreement.

If there are any remaining proceeds from the notes, they will be used for general corporate purposes, including the financing of operations.

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

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