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 been established that the Shipping Facility will pre-pay the loan at any given time and will attract zero penalties. The main establishment of New Fortress Energy by the Fortress Investment Group is to significantly help the world transit into clean energy hastily.
The New Fortress Energy under the leadership of Wes Edens has set out forward-looking statements to enable the company to operate in its set vision and mission. These are the statements that exhibit the company’s beliefs and expectations concerning upcoming events. In a recently released press, Wes Edens noted that the things outlined in the statements may not be achieved due to uncertainties, risks, and factors beyond the control of the company. These are the factors that could differ materially from those discussed in the forward-looking statements. The factors that could cause such magnificent differences include but are not limited to the risk. The risk comprises the inability of the company to construct and develop energy infrastructures across the globe.
Additionally, the other risk is that New Fortress Energy may delay in commissioning and constructing schedules that may take longer or may not be achieved. Thus Wes Edens’, New Energy Fortress CEO and chairman warned the readers against predicting the actual results from the forward-looking statements. Wes Edens asserts that any forward-looking statement is only varied at the time it is being made. Additionally, as expected by law, the company is not mandated to revise or update any forward-looking statements regardless of whether there are future events, new information, or otherwise.
Learn more about Wes Edens: https://www.crunchbase.com/person/wes-edens