New Fortress Energy Reaches Restructuring Agreement with Creditors
New Fortress Energy previously announced on March 17 that it entered into a Restructuring Support Agreement with its creditors as part of a consensual UK Restructuring Plan. NFE has received strong indications of support for the previously announced transaction, to be implemented through a UK RP, from its stakeholders, including holders and lenders representing over 95% of its approximately $5.8B principal amount of NFE's aggregate indebtedness, including, approximately: 93% of holders of the 2026 Legacy Notes; 87% of holders of the 2029 Legacy Notes; 98% of holders of the 2029 New Notes; 100% of lenders of the Term Loan A; 88% of lenders of the Term Loan B; and 100% of lenders of the Revolving Credit Facility. To ensure all holders who intend to accede to the RSA have ample time to submit directions via their custodians, the Company is announcing the extension of the deadline for creditors to accede to the RSA and, provided certain conditions are met, be eligible for an early consent fee, to 5:00pm, New York City time, on April 8, 2026. As previously announced, the Company expects to launch the UK RP process in April and the transaction is expected to be completed by the third quarter of 2026, subject to court availability, customary conditions and regulatory approvals. This expected timeline is on track and remains unchanged.
