NFE completes $6.18B debt restructuring; splits into CoreCo, BrazilCo; pro forma equity turns positive

New Fortress Energy Inc.

Completed restructuring of ~$6.18B funded debt via UK Part 26A plans; High Court sanctioned June 18, 2026; effective Sept 11, 2026
Split into BrazilCo and CoreCo: creditors received 100% of BrazilCo equity, 10.6M CoreCo shares (65%), $2.46B CoreCo preferred stock
Issued $571.3M take-back senior term loans, $400M FLNG 2 non-recourse loans, $200M FLNG 2 preferred equity; $136.5M new financing
Pro forma FY2025 net income $1.09B (incl. $1.41B debt-restructuring gain); 6M-2026 pro forma net loss $416.6M
Stockholders' equity positive $1.46B pro forma vs -$432M historical; 1-for-50 reverse split; BrazilCo shown as discontinued ops

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