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Reported Earlier, Excelerate Energy Prices $184.3M Public Offering Of 6.96M Common Class A Shares At $26.50 Per Share

Benzinga·04/01/2025 07:28:11
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The Company intends to use the net proceeds from this offering, together with the expected incurrence of approximately $650 million aggregate principal amount of senior indebtedness, subject to market conditions, and cash on hand, to fund the consideration payable by the Company in the previously-announced pending acquisition of New Fortress Energy, Inc.'s (NASDAQ:NFE) business in Jamaica for $1.055 billion, subject to certain adjustments. The closing of the offering is not conditioned upon the closing of the pending acquisition.