Event Publicly Available Information:
Is there a Successor to New Fortress Energy Inc.?
In November 2024, New Fortress Energy Inc. exchanged $875mm of its 6.750% Senior Secured Notes due 2025, $990mm of its 6.500% Senior Secured Notes due 2026, and $514mm of its 8.750% Senior Secured Notes due 2029 for approximately $2.4 billion of 12.000% Senior Secured Notes due 2029 issued by NFE Financing LLC (not including amounts issued for new funds). This exchange resulted in NFE Financing LLC assuming more than 25% of New Fortress Energy Inc.’s debt at the time of the transaction. Has a Succession Event occurred with respect to New Fortress Energy Inc.?
| Date | Description | Document |
|---|---|---|
| Ongoing | The Americas DC Legal Subcommittee met today to begin discussions with respect to whether there is a Successor to New Fortress Energy Inc. The Americas DC will continue discussions this week. | |
| Request Accepted by DC | ||
| Pending DC Consent |