Simpson Thacher is representing the commitment parties, including Morgan Stanley, in connection with the $850.0 million committed financing for the approximately $1 billion acquisition by Excelerate Energy, Inc. (“Excelerate”) of the Jamaica downstream LNG and power infrastructure business of New Fortress Energy Inc. (“New Fortress”). The transaction is expected to be funded through a combination of permanent financing and cash on hand.
Excelerate is a U.S.-based LNG company located in The Woodlands, Texas. Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with the objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of services across the LNG value chain.
The Simpson Thacher team includes Erland Modesto, Brandon Barton, Ramz Aziz and Logan Harris (Credit); David Azarkh, Hui Lin, Julie Ledermann, Adriana Estor-Restrepo, Erin Camia, Manuel Alvarez and Cindy Yao (Capital Markets); Malik Ladhani and Haley O’Connor (M&A); Michael Mann (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Kate Mirino and Chandler Gerard-Reimer (Intellectual Property); Timothy Mulvihill and Deepa Sarkar (Environmental); Timothy Gallagher and Helene Marie Snyder (Real Estate); and Abram Ellis and Ryan Stalnaker (Regulatory).