New Fortress Energy Inc.
04/07/2026 | Press release | Distributed by Public on 04/07/2026 14:33
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01. Entry into a Material Definitive Agreement.
Turbine Sale-Leaseback Transaction
On April 1, 2026, NFE Power PR LLC ("Seller"), a subsidiary of New Fortress Energy Inc. (the "Company"), entered into an Asset Purchase Agreement (the "Purchase Agreement") with Macquarie Energy LLC ("Macquarie"), and NFE Turbines LLC ("Lessee"), a subsidiary of the Company, entered into a Master Lease Agreement (together with the applicable schedules, riders and other lease documents, the "Lease"), pursuant to which the parties agreed to consummate a sale and leaseback transaction (the "Sale-Leaseback Transaction") with respect to certain turbines (the "Equipment"). The Company entered into a parent guarantee in respect of Lessee's obligations pursuant to the Lease (the "Lease Guarantee"), and the Company guarantees Seller's obligations pursuant to the Purchase Agreement.
On April 1, 2026, the Company completed the sale of the Equipment for a purchase price of $265,882,500.00, and entered into the Lease pursuant to which Lessee will lease the Equipment from Macquarie for a 10-year term, expected to begin on July 1, 2026. The Company used the net proceeds from the Sale-Leaseback Transaction to repay certain indebtedness of the Company.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is incorporated into this Item by reference.
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