The company also closed the sale of its Jamaican assets and operations to Excelerate Energy for $1.06 billion. "The closing of the sale of our Jamaican assets to Excelerate is a significant milestone for the company as we streamline our operations and paydown corporate debt through asset sales," said CEO Wes Edens. New Fortress, valued at $1.93 billion according to LSEG data, had long-term debt worth $8.9 billion at the end of the first quarter.
Good News On Prices Wasn't Enough To Quell All of the Fed's Inflation Fears
At least one official at the Federal Reserve is still skeptical about the trajectory of inflation and the economy, despite developments this week that cheered investors.
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