NFE · New Fortress Energy Inc. Series A Mandatorily Convertible Preferred Stock

New Fortress Energy Inc., through its subsidiary NFE Power PR LLC, executed a sale-leaseback transaction involving certain turbines (the Equipment) with Macquarie Energy LLC. The Asset Purchase Agreement facilitated the sale completed on April 1, 2026, for a precise purchase price of $265,882,500. Concurrently, NFE Turbines LLC entered into a Master Lease Agreement for a 10-year term anticipated to commence on July 1, 2026. This structure allows the Company to unlock capital from the Equipment sale while retaining operational use via the lease. The Company bolstered the transaction's credibility by providing a parent guarantee for the Lessee's lease obligations and guaranteeing the Seller's commitments under the Purchase Agreement. Critically, the net proceeds were directed toward repaying certain indebtedness, providing immediate liquidity relief and balance sheet optimization for investors. This off-balance sheet lease arrangement under Item 2.03 creates a long-term financial obligation but aligns with strategic capital management in the energy sector, potentially enhancing financial flexibility without outright asset disposition.