---
schema_version: "secwatch.filing_event.v1"
accession: "0001749723-24-000085"
form_type: "8-K"
ticker: "NFE"
cik: "0001749723"
company_name: "New Fortress Energy Inc."
filed_at: "2024-10-01T23:59:59+00:00"
generated_at: "2026-05-30T23:35:57.610385+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# New Fortress Energy enters TSA to issue $1.2B 12% notes, exchange $1.4B notes, raise $250M equity

## Summary
- New Fortress Energy enters TSA with noteholders to refinance existing 2025/2026/2029 notes; issues $1.2B new 12% senior secured notes due 2029.
- Private exchange of ~$1.4B of existing 2026 and 2029 notes for new notes; proceeds to redeem 2025 notes and for general corporate purposes.
- Company commits to raise at least $250M common equity; supporting holders may elect 5% stock or 2% PIK commitment fee.
- Series B Convertible Preferred Stock (4.8%, convertible at $9.9645) issued; controlled company status transition with Edens/Nardone resigning from Compensation Committee.
- Company expects compliance with financial covenants through end of 2025, contingent on asset sales, PREPA payments, and Brazil/Nicaragua revenues.

## SEC filing metadata
- accession: 0001749723-24-000085
- form_type: 8-K
- ticker: NFE
- cik: 0001749723
- company_name: New Fortress Energy Inc.
- filed_at: 2024-10-01T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1749723/000174972324000085/0001749723-24-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1749723/000174972324000085/nfe-20241001.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001749723-24-000085
- JSON: https://secwatch.observer/filing/0001749723-24-000085.json
- Plain text: https://secwatch.observer/filing/0001749723-24-000085.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.