Wes Edens of New Fortress Energy Raises the Borrowing Capacity of the Shipping Facility 

November 17, 2021

The good news to the Shipping Facility is that they can now borrow approximately 725 million dollars from the New Fortress Energy up from 430 million dollars. The loan facility will be secured by the company’s 8 vessels and will only attract a 3.00% interest rate LIBOR that is subject to 0.0% LIBOR. It has…