NFE delays dividend, faces tight liquidity; credit amendments require $250M equity raise by Oct 7

New Fortress Energy Inc.

Credit amendments require $250M equity raise and $300M+ debt refinancing by Oct 7, 2024 to maintain covenant suspension.
Dividend of $0.10/share delayed indefinitely; no future quarterly dividends expected.
Estimated cash and liquidity ~$80M as of Sep 30; new covenants demand $50M monthly, $100M quarterly minimum.
Securities class action filed alleging false statements on Fast LNG projects; company denies merit.
First full LNG cargo from FLNG asset achieved and sailed to Europe.

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