AKD served as Dutch counsel to a conglomerate of banks and to the note holders, both represented by Morgan Stanley, in connection with the acquisition financing by New Fortress Energy Inc. (‘New Fortress Energy’) of Hygo Energy Transition Ltd. and Golar LNG Partners LP. The financing package consisted of an offering of USD 1.5 billion aggregate principal amount of senior secured notes due 2026 (the ‘Notes’) and a USD 200 million revolving credit facility. The Notes bear interest at 6.500% per annum and are secured by substantially the same collateral as the first lien obligations of New Fortress Energy under the USD 1 billion aggregate principal amount of 6.750% senior secured notes due 2025 issued in 2020, in which AKD also advised Morgan Stanley as the agent of the note holders.
New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
Vincent Bettonville and Remco Bosveld supervised the deal and led the team consisting of Kristina Samardžić, Sanne Swinkels, Marinke Bonnier and Daan ter Wee