New Fortress Energy misses debt payments, enters forbearance agreements through Jan 9, 2026

New Fortress Energy Inc.

Missed ~$30.6M TLB interest payment due Dec 10; event of default occurred Dec 17 after grace period expiration.
Also missed ~$1.6M TLA interest payment; default occurred Dec 17; expects to miss TLB principal due Dec 31.
Forbearance agreements with required lenders pause acceleration until Jan 9, 2026; failure to extend could trigger acceleration of all debt.
Amendments to Letter of Credit, RCF, and TLA credit agreements restrict dividends, asset sales, and intercompany transfers; cross-default tied to forbearance.
If acceleration occurs, company may pursue out-of-court or in-court restructuring, materially impacting stockholders.

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