Browsing Tag
BrazilCo
2 posts
New Fortress cut debt from $5.7bn to $700m. What did shareholders give up?
New Fortress Energy has completed a sweeping recapitalisation that cuts corporate debt from roughly $5.7 billion to about $700 million, separates its Brazilian operations and leaves creditors holding 65% of New NFE’s common equity.
New Fortress Energy Brazil secures long-term TGS terminal lease targeting $50m EBITDA by 2027
New Fortress Energy Brazil secures a long-term TGS terminal lease targeting $50m EBITDA by 2027. Read what it means for BrazilCo and southern Brazil's gas market.