SEC Comment Letter for New Fortress Energy Inc. (NFE) (CIK 0001749723) (NFE) — Nov 20, 2018
New Fortress Energy Inc. (NFE) (CIK 0001749723)
Date: Nov. 20, 2018 · CIK: 0001749723 · Accession: 0000000000-18-035952
AI Filing Summary & Sentiment
Reasoning
Letter
Mail Stop 3561 November 20 , 2018 Wesley R. Edens Chief Executive Officer New Fortress Energy LLC 111 W. 19th Street, 8th Floor New York, NY 10011
Re: New Fortress Energy LLC Registration Statement on Form S-1 Filed November 9, 2018 File No. 333 -228339
Dear Mr. Edens :
We have reviewed your registration statement and have the following comments . In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the requested information . If you do not believe our com ments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your registration statement and the information you provide in response to these comments, w e may have additional comments. Our Liquefaction Assets, page 6 1. We note your disclosure that, “[a]t the completion of this offering, we will have committed approximately $2 billion in building and developing our facilities since 2014.” Please revise you r disclosure to separately quantify the amount that you have already spent and the amount (s) of your current commitments . With respect to your outstanding commitments, please briefly identify the source of funds you will utilize to pay such commitments.
We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Wesley R. Edens New Fortress Energy LLC November 20 , 2018 Page 2
Refer to Rules 460 and 461 regarding requests for acceleration . Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement.
Please contact Yong Kim, Staff Accountant, at (202) 551 -3323 , or Andrew Blume, Staff Accountant, at (202) 5 51-3254 if you have questions regarding comments on the financial statements and related matters. Please contact Scott Anderegg, Attorney Adviser, at (202) 551 - 3342, or me at (202) 551 -3720 if you have questions regarding the comments.
Sincerely,
/s/ Lisa M. Kohl for
Show Raw Text
Mail Stop 3561
November 20 , 2018
Wesley R. Edens
Chief Executive Officer
New Fortress Energy LLC
111 W. 19th Street, 8th Floor
New York, NY 10011
Re: New Fortress Energy LLC
Registration Statement on Form S-1
Filed November 9, 2018
File No. 333 -228339
Dear Mr. Edens :
We have reviewed your registration statement and have the following comments . In
some of our comments, we may ask you to provide us with information so we may better
understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information . If you do not believe our com ments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to these comments, w e may have additional comments.
Our Liquefaction Assets, page 6
1. We note your disclosure that, “[a]t the completion of this offering, we will have
committed approximately $2 billion in building and developing our facilities since 2014.”
Please revise you r disclosure to separately quantify the amount that you have already
spent and the amount (s) of your current commitments . With respect to your outstanding
commitments, please briefly identify the source of funds you will utilize to pay such
commitments.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Wesley R. Edens
New Fortress Energy LLC
November 20 , 2018
Page 2
Refer to Rules 460 and 461 regarding requests for acceleration . Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
Please contact Yong Kim, Staff Accountant, at (202) 551 -3323 , or Andrew Blume, Staff
Accountant, at (202) 5 51-3254 if you have questions regarding comments on the financial
statements and related matters. Please contact Scott Anderegg, Attorney Adviser, at (202) 551 -
3342, or me at (202) 551 -3720 if you have questions regarding the comments.
Sincerely,
/s/ Lisa M. Kohl for
Mara L. Ransom
Assistant Director
Office of Consumer Products