New Fortress Energy Inc. Announces Early Results of its Cash Tender Offer for its 6.750% Senior Secured Notes due 2025

New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) today announced the early results of its previously announced cash tender offer (the “Tender Offer”) to purchase for cash up to $375,000,000 in aggregate principal amount (as such aggregate principal amount may be increased or decreased by the Company, the “Aggregate Maximum Principal Amount”) of its outstanding 6.750% Senior Secured Notes due 2025 (the “Notes”), subject to the terms and conditions set forth in the Offer to Purchase, dated March 5, 2024 (as amended, the “Offer to Purchase”). Capitalized terms used but not defined herein have the meaning given to them in the Offer to Purchase.

According to information provided by D.F. King & Co., Inc., the information and tender agent for the Tender Offer, as of 5:00 p.m., New York City time, on March 18, 2024 (such date and time, the “Early Tender Date”), the Company had received valid and not withdrawn tenders from registered holders (each, a “Holder” and collectively, the “Holders”) of $1,068,338,000 in aggregate principal amount of the Notes, representing approximately 85.5% of the aggregate principal amount outstanding of the Notes. Due to the aggregate principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date exceeding the Aggregate Maximum Principal Amount, the aggregate principal amount of Notes accepted for purchase on the Early Settlement Date will be prorated (using a proration rate of approximately 35.1% and subject to adjustment to maintain the authorized denomination of the Notes). The Company expects such Early Settlement Date to be March 19, 2024 (the business day after the Early Tender Date), but that may change without notice. In addition to the Total Consideration, Holders whose Notes are accepted for purchase on the Early Settlement Date will also receive accrued and unpaid interest (“Accrued Interest”) from the last interest payment date up to, but not including, the Early Settlement Date.

The following table sets forth the Tender Offer Consideration, the Early Tender Payment and the Total Consideration for the Tender Offer:

Title of Note

CUSIP /ISIN (144A)(1)

CUSIP /ISIN (Reg S)(1)

Principal Amount Outstanding

Aggregate