New Fortress Energy LLC Amends Registration Statement to Expedite Initial Public Offering Following Resumed Operations by the...
January 29 2019 - 6:15AM
Business Wire
New Fortress Energy LLC (NASDAQ: NFE) (“New Fortress” or the
“Company”) announced today that it has filed an amendment to its
registration statement on Form S-1 with the U.S. Securities and
Exchange Commission (the “SEC”) in order to expedite the completion
of its initial public offering as a result of the resumed
operations by the SEC. The offering information is unchanged from
the information contained in the amendment to the registration
statement the Company filed on January 25, 2019, and reflects the
proposed sale of 20,000,000 Class A shares at an initial public
offering price of $15.00 per share. New Fortress expects to enter
into an underwriting agreement in connection with the effectiveness
of the registration statement. In addition, New Fortress intends to
grant the underwriters a 30-day option to purchase up to an
additional 3,000,000 Class A shares at the initial public offering
price, less underwriting discounts and commissions. The Class A
shares have been approved for listing on the Nasdaq Global Select
Market under the ticker symbol “NFE.”
In the most recent amendment to the registration statement filed
on January 29, 2019, New Fortress removed the language indicating
that the registration statement would become effective
automatically on February 13, 2019 pursuant to Section 8(a) under
the Securities Act of 1933, as amended (the “Securities Act”), and
included the traditional delaying amendment that indicates that the
registration statement must be declared effective by the SEC.
Because the SEC has resumed operations, New Fortress is seeking to
expedite effectiveness of the registration statement to a date
during the week of January 28, 2019 if approved by the staff of the
SEC.
Morgan Stanley, Barclays, Citigroup and Credit Suisse are acting
as lead book-running managers for the proposed offering. Additional
book-running managers are Evercore ISI and Allen & Company LLC.
Co-managers are JMP Securities and Stifel.
The offering of these securities will be made only by means of a
prospectus that meets the requirements of Section 10 of the
Securities Act. A copy of the preliminary prospectus may be
obtained from:
Morgan Stanley & Co. LLCAttention: Prospectus Department180
Varick Street, 2nd FloorNew York, NY 10014
Barclays Capital Inc.c/o Broadridge Financial Solutions1155 Long
Island AvenueEdgewood, NY 11717Telephone: (888) 603-5847Email:
barclaysprospectus@broadridge.com
Citigroup Global Markets Inc.c/o Broadridge Financial
Solutions1155 Long Island AvenueEdgewood, NY 11717Telephone: (800)
831-9146
Credit Suisse Securities (USA) LLCAttention: Prospectus
DepartmentEleven Madison Avenue, 3rd FloorNew York, NY
10010Telephone: (800) 221-1037Email:
usa.prospectus@credit-suisse.com
Important Information
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective. The
registration statement may be obtained free of charge at the SEC’s
website at www.sec.gov under “New Fortress Energy LLC.” This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state or jurisdiction.
About New Fortress Energy LLC
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 deliver fast-track, turnkey energy solutions that
enable economic growth, environmental stewardship and transform
local industries and communities. New Fortress Energy is
majority-owned by a fund managed by an affiliate of Fortress
Investment Group.
Cautionary Statement Concerning Forward-Looking
Statements
Certain statements contained in this press release constitute
“forward-looking statements”. These forward-looking statements,
including statements regarding the effectiveness of the
registration statement, represent the Company’s expectations or
beliefs concerning future events, and it is possible that the
results described in this press release will not be achieved. These
forward-looking statements are subject to risks, uncertainties and
other factors, many of which are outside of the Company’s control,
that could cause actual results to differ materially from the
results discussed in the forward-looking statements. Accordingly,
readers should not place undue reliance on forward-looking
statements as a prediction of actual results.
Any forward-looking statement speaks only as of the date on
which it is made, and, except as required by law, the Company does
not undertake any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise. New factors emerge from time to time,
and it is not possible for the Company to predict all such factors.
When considering these forward-looking statements, you should keep
in mind the risk factors and other cautionary statements in the
prospectus included in the registration statement filed with the
SEC in connection with the Company’s initial public offering, which
could cause its actual results to differ materially from those
contained in any forward-looking statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20190129005294/en/
Company:Jake Suski+1 (516)
268-7433press@newfortressenergy.com
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