New Fortress Energy Inc. has entered into a forbearance agreement with certain lenders after failing to make a scheduled interest payment of approximately $30.6 million under its Term Loan B Credit Agreement. The company also notified lenders it does not plan to make certain principal payments due at the end of the year, leading to events of default. As a result, amendments to related credit and letter of credit agreements now allow lenders to accelerate repayment and require cash collateralization of outstanding letters of credit if the company fails to comply with the terms of the forbearance agreements. These developments could force New Fortress Energy to pursue additional restructuring initiatives, including the possibility of out-of-court or in-court proceedings, posing significant risks to shareholders.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Fortress Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001749723-25-000156), on December 19, 2025, and is solely responsible for the information contained therein.
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