Financing ·
New Fortress Energy Inc. completed a comprehensive restructuring of its principal funded debt obligations on September…
NFENew Fortress Energy Inc.
New Fortress Energy Inc. completed a comprehensive restructuring of its principal funded debt obligations on September 11, 2026, separating into two entities: CoreCo (retaining non-Brazil assets) and BrazilCo. The transaction involved exchanging obligations for approximately $571.3 million in new senior secured term loans, 2,454,936 shares of Series A mandatorily convertible preferred stock with a $2.46 billion liquidation preference, 10,608,922 shares of common stock (65% post-split), and $600 million in FLNG 2-related debt and equity. The company also raised $136.5 million in new financing and amended its letter of credit facility to $250 million. A 1-for-50 reverse stock split was effected on the closing date. New Fortress Energy Inc. operates in the energy infrastructure sector, specializing in liquefied natural gas (LNG) production, storage, and regasification.