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New Fortress Energy Announces $800MM Term Loan Facility

By Criterion Research
January 14, 2020 -

New Fortress Energy has secured an $800 million term loan facility from Apollo Global Management, which will be used to fund the development and construction of global energy projects.  

The loan facility has a three-year term and bears an annual interest rate of LIBOR plus 6.25%.  It is also subject to a 1.50% LIBOR floor and annual increases in the rate spread.


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