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CM - New Fortress & Apollo agree to $800MM term loan facility - January 2020
LNG supplier New Fortress Energy announced it signed an $800 million term loan agreement with certain funds and entities managed by Apollo Global Management. The term loan facility has a three-year term and is payable at LIBOR plus 625 bps, subject to a 1.5% LIBOR floor and annual increases in the interest rate spread. The company said it would use the money to fund energy infrastructure projects and to pay off a $500 million......
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