New Fortress Energy Inc. has executed a term loan facility secured by eight Company vessels (the 'Shipping Facility'). The company made an initial borrowing of $430 million and can borrow up to $725 million under the Shipping Facility. The Shipping Facility has a three-year term, and loans issued under the facility will bear interest at an annual rate equal to LIBOR plus 3.00%, subject to a 0.0% LIBOR floor. The Shipping Facility is prepayable at par at any time without penalty. Net proceeds of the Shipping Facility will be used to fund the development and construction of the Company’s energy infrastructure projects around the world.