Highest-materiality recent filing
NFE Brazil subsidiary issues $973.5M of 12% senior secured notes due 2029
Issued $973.5M aggregate principal amount of 12.000% Senior Secured Notes due November 15, 2029.
New Fortress Energy shareholders approve 1-for-50 reverse split, charter amendments in restructuring
Stockholders approved a 1-for-50 reverse split of Class A common stock with 221,585,026 votes for.
New Fortress Energy CAO Michael Lowe resigns; Fred Hundt appointed effective July 1
Michael Lowe will resign as Chief Accounting Officer effective July 1, 2026; he had served since 2019.
New Fortress Energy receives UK court approval to convene creditor meetings on restructuring plan
High Court granted convening order on May 14, 2026 for Plan Companies to hold creditor meetings.
NFE subsidiary commits to $885M senior secured notes at 12% PIK; part of Brazil separation
$885M aggregate principal of senior secured notes due 2029, 12.00% PIK interest, no call protection or financial covenants.
New Fortress Energy receives Nasdaq delisting notice for bid price below $1.00
Received Nasdaq notice on May 1, 2026 for closing bid price under $1.00 for 30 consecutive days.
New Fortress Energy subsidiary enters $50M bridge loan facility at 10% PIK interest
NFE Brazil enters $50M senior secured bridge term loan with 10% PIK interest, matures by Sept 15, 2026 or upon restructuring.
New Fortress Energy closes $265.9M turbine sale-leaseback with Macquarie
Sold turbines to Macquarie Energy LLC for $265,882,500; net proceeds used to repay indebtedness.
New Fortress Energy enters forbearance until Sept 15, 2026 on Letter of Credit facility
Forbearance agreement with lenders under July 2021 Letter of Credit Agreement signed March 27, 2026.
New Fortress Energy extends credit maturity to Sep 2026, waives defaults
Entered 14th Amendment on March 19, 2026 extending Letter of Credit maturity to September 15, 2026.
Comprehensive debt restructuring of ~$5.7B in principal claims via exchange for equity and new debt.
NFE restates prior financials; enters restructuring support agreement with creditors
Restates FY2024, FY2023, and interim 2024/2025 financials due to cash flow misclassification of delayed vendor payments.
New Fortress Energy misses debt payments, enters forbearance agreements through Jan 9, 2026
Missed ~$30.6M TLB interest payment due Dec 10; event of default occurred Dec 17 after grace period expiration.
NFE extends forbearance on 12% notes to Jan 9; amends LC facility to keep $195M commitments
Forbearance period on 12% Senior Secured Notes due 2029 extended from Dec 15 to Jan 9, 2026.
Eleventh Amendment to Letter of Credit Agreement extends maturity to March 31, 2026.
NFE reports Q2 net loss $557M; Adjusted EBITDA -$4M; initiates strategic alternatives review
Net loss of $557M ($2.02 diluted EPS) vs. $86.9M loss a year ago; revenue $301.7M, down 29% YoY.
NFE receives Nasdaq delisting notice for late Q2 2025 10-Q filing
Received Nasdaq notice on Aug 19, 2025 for failure to timely file Form 10-Q for period ended June 30, 2025.
NFE amends LC facility, extends maturity to Nov 2025, commitments reduced to ~$195K
Ninth Amendment converts uncommitted LC facility to committed and extends maturity to November 14, 2025.
Stockholders elect three Class III directors, ratify Ernst & Young as auditor at 2025 annual meeting
Elected Desmond Iain Catterall with 194,996,793 votes for, 26,913,669 withheld, and 23,232,492 broker non-votes.
NFE Q1 net loss $197M, operating cash flow -$32M; late filing persists
Net loss of $197.4M in Q1 2025 vs net income $56.7M in Q1 2024; operating cash flow -$31.7M.
New Fortress Energy receives Nasdaq delisting notice for late Q1 2025 10-Q
Nasdaq notice for failure to file Q1 2025 Form 10-Q by May 20, 2025.
NFE closes $1.055B sale of Jamaica LNG business to Excelerate Energy; repays $279M debt
Closed sale of Jamaica assets (Montego Bay terminal, Old Harbour FSRU, 150 MW CHP plant) for $1.055B cash on May 14, 2025.
NFE completes $1.055B Jamaica sale to Excelerate; Q1 net loss $197M, Adj EBITDA $82M
Closed sale of Jamaica assets to Excelerate Energy for $1.055B; proceeds to reduce corporate debt.
Twelfth Amendment waives 75% asset sale prepay rule; allows $270M of sale proceeds to extend RCF tranche due Sept 30, 2025.
NFE sells Jamaica LNG assets to Excelerate Energy for $1.055B cash
Excelerate to acquire NFE's Montego Bay LNG terminal, Old Harbour FSRU, and 150 MW Clarendon power plant.
Second Amendment permits $425M incremental term loans plus exchange of $847.44M existing loans for new $1.272B total.
NFE beats Q4 EBITDA guidance; reports net loss on debt refinancing; Fast LNG in service
Adjusted EBITDA Q4 $313M (beat $200-220M guide); full year $950M (beat $835-855M).
New Fortress Energy registers 14.5M shares for resale; lock-up through June 6, 2025
Filed prospectus supplement to register 14,455,006 shares of Class A common stock for resale by selling securityholders.
New Fortress Energy enters amendments to credit facilities; conditions not yet satisfied
Seventh Amendment to Uncommitted Letter of Credit and Reimbursement Agreement (Natixis) and Eleventh Amendment to Credit Agreement (MUFG) executed on Jan 31, 2025.
New Fortress Energy reaffirms prior Q4/FY24 guidance; posts refinancing update
Reaffirms previously announced Q4 and FY2024 guidance, no new financial figures provided.
On Jan 6, 2025, holder converted 20,000 Series B Preferred shares, requiring delivery of 2,208,612 common shares by Jan 21, 2025.
President Andrew Dete transitions to consulting role on Brazil Hygo business, effective Jan 2, 2025
Andrew Dete ceases as president of New Fortress Energy, effective January 2, 2025.
NFE closes $1.52B second tranche of 12% notes, issues 15.7M shares as fee
NFE Financing issued $1.520B aggregate principal of 12.000% Senior Secured Notes due 2029 to supporting holders on Dec 6, 2024.
NFE issues $1.2B of 12% Senior Secured Notes due 2029; redeems $875M 6.75% Notes due 2025
Issued ~$1.207B aggregate principal of 12% Senior Secured Notes due Nov 2029; net proceeds ~$1.2B.
New Fortress Energy amends credit facility; PortoCem unit plans R$4.5B debenture issuance
Second Amendment to credit agreement pledges equity in certain Unrestricted Subsidiaries and excludes Brazil assets from Excluded Assets.
NFE Q3 Adjusted EBITDA $176M, matches guidance; refinances $2.7B debt, raises $400M equity
Q3 revenue $567.5M, net income $11.3M ($0.03 EPS); Adjusted EPS $0.05.
NFE enters $2.7B debt restructuring: $1.2B subscription + $1.5B exchange of 12% notes due 2029
Issued $1.2B in new 12% Senior Secured Notes due 2029 via subscription and $1.5B via exchange for existing 6.5% and 8.75% notes.
New Fortress Energy begins exploring strategic partnerships across multiple projects
Seeking strategic partners for projects in Brazil, Puerto Rico, Jamaica, Mexico, Nicaragua, FLNG 1, and Klondike.
New Fortress Energy appoints Andrew Dete as President effective October 18, 2024
Andrew Dete, previously Managing Director of New Business, appointed President, joining senior management team.
New Fortress Energy registers 10.8M shares for resale by Ceiba Energy US LP
Filed resale prospectus supplement covering up to 10,804,718 shares of Class A common stock.
New Fortress Energy raises ~$387M in stock offering, issues Series B Preferred to Ceiba
Underwritten public offering of 46,349,942 shares at $8.63 each; net proceeds ~$387.25M.
New Fortress Energy enters TSA to issue $1.2B 12% notes, exchange $1.4B notes, raise $250M equity
New Fortress Energy enters TSA with noteholders to refinance existing 2025/2026/2029 notes; issues $1.2B new 12% senior secured notes due 2029.
NFE prices $400M public offering at $8.63/share; CEO Edens buys 5.8M shares
46.35M shares of Class A common stock priced at $8.63/share for gross proceeds of ~$400M.
Company has long-term vessel charters with Energos currently below market; may sub-charter vessels not needed.
NFE delays dividend, faces tight liquidity; credit amendments require $250M equity raise by Oct 7
Credit amendments require $250M equity raise and $300M+ debt refinancing by Oct 7, 2024 to maintain covenant suspension.
New Fortress exchanges ~96,746 Series B Preferred for Series A, avoiding cash repurchase
Exchanged 86,746 Series A Preferred (held by Ceiba Energy) plus 10,000 escrowed shares for ~96,746 Series B Convertible Preferred shares at $1,000 liquidation preference.
Amends three credit agreements: Fourth Amendment to ULCA, First Amendment to TLA, Eighth Amendment to RCF.
NFE posts financial update presentation; limited details available from exhibit
Filing indicates a Detailed Financial Update presentation was posted September 4, 2024.
New Fortress Energy Q2 2024 Adjusted EBITDA $120M, missing $275M guidance; FLNG 1 operational
Net loss of $87M, diluted EPS $(0.44); adjusted EPS $(0.41).
New Fortress Energy enters $700M secured term loan for Altamira FLNG project
$700M multiple-draw term loan with Morgan Stanley; proceeds fund onshore FLNG project in Altamira, Mexico.
On June 1, 2026, Michael Lowe announced to New Fortress Energy Inc. (the “Company”) that he will resign from his role as Chief Accounting Officer effective July 1, 2026.
Effective July 1, 2026, Frederick (“Fred”) Hundt will begin serving as Chief Accounting Officer of the Company.
Andrew Dete, who along with Leandro Cunha and Jeremy Dawson has been jointly responsible for New Fortress Energy Inc.’s (the “Company”) business in Brazil (Hygo), has transitioned to an external role acting under a consulting agreement with the Company on the Hygo business, and as a result will no longer serve as president of the Company, effective January 2, 2025.
On October 18, 2024, the Board of Directors (the “Board”) of New Fortress Energy Inc. (the “Company”) appointed Andrew Dete as the Company’s President, effective immediately.
Max materiality 1.00 · Median 0.75 · Most common event debt