How is the LCF Forbearance Agreement related to NFE’s Restructuring Support Agreement?

The LCF Forbearance Agreement includes consents, covenants and termination rights that are consistent with the Restructuring Support Agreement dated March 17, 2026. That RSA outlines transactions intended to recapitalize New Fortress Energy’s indebtedness, aligning the forbearance with the broader restructuring framework.

New Fortress Energy (NFE) secures forbearance as part of debt restructuring plan

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

New Fortress Energy Inc. entered into a forbearance agreement on March 27, 2026 with lenders under its Letter of Credit and Reimbursement Agreement. The lenders agreed to temporarily refrain from enforcing remedies tied to certain specified defaults until the LCF Forbearance Agreement terminates, currently scheduled for September 15, 2026 unless ended earlier. If no further forbearance is reached at that time, lenders could require the company to cash collateralize the outstanding principal balance of loans and other amounts under the letter of credit facility. The forbearance terms include consents, covenants and termination rights that align with a Restructuring Support Agreement signed on March 17, 2026 to facilitate recapitalization of the company’s indebtedness.

Positive

None.

Negative

Potential cash collateralization risk: If no further forbearance is reached after the LCF Forbearance Agreement terminates on September 15, 2026, lenders could require the company to cash collateralize the outstanding principal balance and other amounts under the Letter of Credit Agreement, which may pressure liquidity.

Insights

New Fortress Energy secures temporary lender forbearance while pursuing a broader debt recapitalization.

The company obtained an LCF Forbearance Agreement with lenders under its Letter of Credit and Reimbursement Agreement. Lenders agree to forbear from exercising remedies regarding certain specified defaults until termination, currently set for September 15, 2026, unless ended earlier.

The agreement is coordinated with a broader Restructuring Support Agreement dated March 17, 2026 covering recapitalization of indebtedness. This suggests an organized approach to address capital structure stress using negotiated transactions rather than immediate enforcement actions.

However, if a further forbearance is not agreed when the LCF Forbearance Agreement ends, lenders could require cash collateralization of the outstanding principal balance and other amounts. Actual impact will depend on execution of the restructuring contemplated by the RSA.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

LCF Forbearance Agreement date: March 27, 2026 LCF Forbearance termination date: September 15, 2026 Restructuring Support Agreement date: March 17, 2026

3 metrics

LCF Forbearance Agreement date March 27, 2026 Date New Fortress Energy entered the LCF Forbearance Agreement

LCF Forbearance termination date September 15, 2026 Scheduled termination date unless ended earlier

Restructuring Support Agreement date March 17, 2026 Date parties agreed on recapitalization framework

Key Terms

forbearance agreement, Letter of Credit and Reimbursement Agreement, Restructuring Support Agreement, cash collateralize

4 terms

forbearance agreement financial

"the Company entered into a forbearance agreement (the “LCF Forbearance Agreement”)"

A forbearance agreement is a temporary deal between a borrower and a lender where the lender agrees to delay or reduce payments instead of declaring a default; think of it as a pause button on a loan while both sides work out a longer-term fix. It matters to investors because it affects a company’s short-term cash flow and the likelihood of loan losses or restructuring, which can change credit risk and share value.

Letter of Credit and Reimbursement Agreement financial

"administrative agent and collateral agent under that certain Letter of Credit and Reimbursement Agreement"

Restructuring Support Agreement financial

"consistent with the Restructuring Support Agreement (the "RSA"), entered into on March 17, 2026"

A restructuring support agreement is a written deal between a company and its key creditors or stakeholders that lays out how debts, contracts, or ownership will be changed to fix the company’s finances. It matters to investors because it reduces uncertainty by signaling a negotiated path to solvency or debt relief—like neighbors agreeing on a repayment plan—so it influences how much creditors and shareholders are likely to recover and how quickly the company can move forward.

cash collateralize financial

"the lenders could require the Company to cash collateralize the outstanding principal balance"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Accepted by SEC EDGAR 04/02/2026 - 05:01 PM

FAQ

What did New Fortress Energy (NFE) announce regarding its letter of credit facility?

New Fortress Energy entered into an LCF Forbearance Agreement with lenders under its Letter of Credit and Reimbursement Agreement. The lenders agreed to temporarily forbear from exercising remedies related to certain specified defaults, providing time for the company to pursue its broader debt recapitalization plans.

How long does the New Fortress Energy LCF Forbearance Agreement last?

The LCF Forbearance Agreement is scheduled to terminate on September 15, 2026, unless ended earlier under its terms. During this period, lenders have agreed to forbear from exercising rights and remedies tied to specified defaults under the letter of credit facility, subject to the agreement’s covenants.

What happens when the LCF Forbearance Agreement for NFE ends?

When the LCF Forbearance Agreement terminates, and if no further forbearance is agreed, lenders could require New Fortress Energy to cash collateralize the outstanding principal balance and all other amounts owed under the Letter of Credit Agreement, which could significantly affect the company’s available cash resources.

Why did New Fortress Energy enter into a Restructuring Support Agreement in March 2026?

New Fortress Energy entered into a Restructuring Support Agreement on March 17, 2026 with certain subsidiaries, financing entities and holders or lenders. The parties agreed to pursue specified transactions aimed at recapitalizing the company’s indebtedness, providing an organized path to adjust its capital structure.

Which parties are involved in New Fortress Energy’s LCF Forbearance Agreement?

The LCF Forbearance Agreement is among New Fortress Energy, certain subsidiaries as guarantors, the lenders under the Letter of Credit Agreement, and Natixis, New York Branch, acting as administrative agent and collateral agent, reflecting coordination among key stakeholders in the company’s credit facility.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 27, 2026

New Fortress Energy Inc.

(Exact name of registrant as specified in its charter)


Delaware	001-38790	83-1482060
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)


111 W. 19th Street, 8th Floor New York, NY						10011
(Address of Principal Executive Offices)						(Zip Code)

Registrant’s Telephone Number, Including Area Code: (516) 268-7400

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☒			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock, par value $0.01 per share	“NFE”	Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Item 1.01. Entry into a Material Definitive Agreement.

LCF Forbearance Agreement

On March 27, 2026, the Company entered into a forbearance agreement (the “LCF Forbearance Agreement”), by and among the Company, certain of its subsidiaries as guarantors party thereto, the lenders party thereto and Natixis, New York Branch as administrative agent and collateral agent under that certain Letter of Credit and Reimbursement Agreement, dated as of July 16, 2021 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Letter of Credit Agreement”), by and among the Company, as the borrower, the guarantors from time to time party thereto, Natixis, New York Branch, as administrative agent and collateral agent, and each of the other financial institutions from time to time party thereto, as lenders and issuing banks, pursuant to which, among other things, the lenders agreed to forbear from exercising all of their rights and remedies under the Letter of Credit Facility with respect to certain specified defaults listed which may arise prior to the termination date of the LCF Forbearance Agreement.

Unless earlier terminated, the LCF Forbearance Agreement will terminate on September 15, 2026. Upon the termination of the LCF Forbearance Agreement, if a further forbearance is not agreed to, the lenders could require the Company to cash collateralize the outstanding principal balance of the loans and all other amounts owing under the Letter of Credit Agreement. The LCF Forbearance Agreement contains certain consents, covenants and termination rights that are consistent with the Restructuring Support Agreement (the "RSA"), entered into on March 17, 2026, by and among the Company, certain of its direct and indirect subsidiaries party thereto, NFE Financing LLC, a Delaware limited liability company, NFE Brazil Investments LLC, a Delaware limited liability company, one or more subsidiaries of the Company that will accede to the RSA by delivering a joinder, Kroll Issuer Services Limited, and each of the undersigned holders or lenders party thereto, pursuant to which the parties agreed to certain transactions related to recapitalizing the Company’s indebtedness.

Item 9.01. Financial Statements and Exhibits.


Exhibit No.			Description
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.


	NEW FORTRESS ENERGY INC.

Date: April 2, 2026	By:	/s/ Christopher S. Guinta
	Name:	Christopher S. Guinta
	Title:	Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents