New Fortress Energy restructuring: debt-for-equity swap, spin-off Brazil assets, shareholder dilution

New Fortress Energy Inc.

Comprehensive debt restructuring of ~$5.7B in principal claims via exchange for equity and new debt.
Existing stockholders diluted to 35% of NFE common stock; convertible preferred converts to 87% of fully diluted shares after 3 years.
Company splits: BrazilCo (100% equity to creditors) and CoreCo; $400M FLNG 2 Term Loans and $200M FLNG 2 Preferred Equity.
Supporting creditors receive 0.75% early consent fee; revolving lenders may get 2% standstill fee to forbear.
Transaction requires stockholder approvals and UK court sanction; must close by Sep 15, 2026 (extendable to Dec 31, 2026).

item 1.01 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

New Fortress Energy Inc. entered into RSA with certain lenders and noteholders (effective 2026-03-17).

Action: entry
Counterparty: certain lenders and noteholders
Effective: 2026-03-17

Exact text from the filing

On March 17, 2026, New Fortress Energy Inc. and certain of its subsidiaries (collectively, “ NFE ” or the “ Company ”) entered into a restructuring support agreement (together with all exhibits, annexes, schedules, and appendices thereto, the “ RSA ”) with certain of its lenders and noteholders

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312 material agreements filed in the last 30 days. Browse all material agreements →

New Fortress Energy Inc. filing history →

Source: SEC EDGAR

accession 0001749723-26-000007

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