New Fortress Energy Inc. (NFE): debt financing — NFE amends L/C agreement to extend maturity, impose restrictions; failure of forbearance could trigger defaults

New Fortress Energy Inc.

Eleventh Amendment to Letter of Credit Agreement extends maturity to March 31, 2026.
Covenant holiday for consolidated first lien debt ratio and fixed charge coverage ratio for Q3/Q4 2025; minimum liquidity requirement removed.
Company restricted from paying dividends and from making principal/interest payments on certain debt, including Nov 17 interest on New 2029 Notes.
If Forbearance Agreement on New 2029 Notes lapses or is violated, an event of default occurs, allowing lenders to demand cash collateralization of all outstanding letters of credit.
Substantially all indebtedness could be accelerated; company may pursue restructuring (out-of-court or in-court), materially impacting stockholders.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

New Fortress Energy Inc. amended credit facility with Natixis, New York Branch, as administrative agent and collateral agent maturing March 31, 2026.

Instrument: credit facility
Counterparty: Natixis, New York Branch, as administrative agent and collateral agent
Maturity: March 31, 2026
Event: amendment

Exact text from the filing

On November 14, 2025, New Fortress Energy Inc., a Delaware corporation (the "Company") entered into the Eleventh Amendment Agreement (the “Eleventh Amendment”), by and among the Company, as the borrower, the guarantors party thereto, Natixis, New York Branch, as administrative agent and collateral agent, and each of the other financial institutions party thereto, as lenders and issuing banks, which amends that certain Letter of Credit and Reimbursement Agreement, dated as of July 16, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the “Letter of Credit Agreement”), by and among the Company, as the borrower, the guarantors from time to time party thereto, Natixis, New York Branch, as administrative agent and collateral agent, and each of the other financial institutions from time to time party thereto, as lenders and issuing banks, to, among other things,

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New Fortress Energy Inc. filing history →

Source: SEC EDGAR

accession 0001749723-25-000145

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