New Fortress Energy (NFE) extends 2029 notes forbearance and maintains $195M credit

Rhea-AI Filing Summary

New Fortress Energy Inc. extended a key debt forbearance and amended its letter of credit facility. Holders of more than 70% of the Company’s 12.000% Senior Secured Notes due 2029 agreed to extend their forbearance on enforcing remedies related to a missed semiannual interest payment that was due on November 17, 2025, pushing the forbearance end date from December 15, 2025 to January 9, 2026. The Company plans to use this period to continue negotiations toward a restructuring with its stakeholders. Separately, on December 12, 2025, the Company entered into a Twelfth Amendment to its Letter of Credit and Reimbursement Agreement, canceling an automatic reduction of commitments that was scheduled for December 22, 2025, so total commitments under that facility remain approximately $195 million.

Positive

• None.

Negative

• Missed interest payment and extended forbearance on 12.000% Senior Secured Notes due 2029 highlight significant financial stress and ongoing restructuring negotiations.

Insights

Credit and restructuring analyst

NFE gains short-term breathing room on defaulted notes and liquidity.

New Fortress Energy Inc. obtained an extension of the forbearance on its 12.000% Senior Secured Notes due 2029 after failing to make the semiannual interest payment due on November 17, 2025. Beneficial holders of more than 70% of these notes are now agreeing not to accelerate or exercise remedies through January 9, 2026, lengthening the period during which an event of default is not actively enforced.

The Company indicates it expects to continue advancing restructuring negotiations with stakeholders during this window, signaling that its capital structure and possibly note terms are under active discussion. This suggests ongoing financial stress, as the missed interest payment and need for forbearance show that internal cash generation or available liquidity was insufficient to service this obligation on schedule.

In parallel, the Twelfth Amendment to the Letter of Credit and Reimbursement Agreement cancels an automatic reduction of commitments previously set for December 22, 2025, keeping total commitments at about $195 million. Maintaining these commitments helps preserve access to trade and credit support while restructuring talks proceed, but the overall outcome will depend on the terms ultimately agreed with noteholders and other creditors.

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.

Understanding 8-K Material Events →

FALSE000174972300017497232025-12-112025-12-11

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): December 11, 2025

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.

Extension of Forbearance Agreement

As previously reported in Part II, Item 5 of the Quarterly Report on Form 10-Q of New Fortress Energy Inc. (the “Company”), filed with the Securities and Exchange Commission (the “SEC”) on November 21, 2025, the Company and certain of its subsidiaries, including NFE Financing LLC (the “New 2029 Notes Issuer”), entered into a forbearance agreement (the “New 2029 Notes Forbearance Agreement”) with respect to the 12.000% Senior Secured Notes due 2029 issued by the New 2029 Notes Issuer (the “New 2029 Notes”), pursuant to which beneficial holders of greater than 70% of the New 2029 Notes agreed to forbear from accelerating or exercising remedies in respect of the event of default that would have arisen under the indenture governing the New 2029 Notes on account of the New 2029 Notes Issuer’s failure to make the semiannual interest payment on such notes due November 17, 2025, on or before November 20, 2025, when the contractual grace period for such interest payment expired.

Unless earlier terminated pursuant to its terms, the New 2029 Notes Forbearance Agreement was scheduled to terminate on December 15, 2025. On December 15, 2025, the parties to the New 2029 Notes Forbearance Agreement agreed to extend this forbearance period to January 9, 2026. During the forbearance period, the Company expects to continue to advance negotiations towards a restructuring with the Company’s stakeholders.

Amendment of Letter of Credit Facility

On December 12, 2025, the Company entered into the Twelfth Amendment Agreement (the “Twelfth Amendment”), by and among the Company, as the borrower, the guarantors party thereto, Natixis, New York Branch, as administrative agent and collateral agent, and each of the other financial institutions party thereto, as lenders and issuing banks, which amends 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, 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, to terminate an automatic reduction of commitments previously scheduled to occur on December 22, 2025 under the Letter of Credit Agreement. After giving effect to the Twelfth Amendment, the commitments under the Letter of Credit Agreement will remain at approximately $195 million.

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: December 17, 2025			By:			/s/ Christopher S. Guinta
			Name:			Christopher S. Guinta
			Title:			Chief Financial Officer

FAQ

What did New Fortress Energy Inc. (NFE) disclose about its 12.000% Senior Secured Notes due 2029?

The Company disclosed that the issuer of its 12.000% Senior Secured Notes due 2029 failed to make the semiannual interest payment due on November 17, 2025, which would have caused an event of default after the grace period expired on November 20, 2025. Beneficial holders of more than 70% of these notes agreed in a forbearance agreement not to accelerate or exercise remedies and have now extended that forbearance period to January 9, 2026.

How long has the forbearance on NFEs 2029 notes been extended?

The forbearance period on the 12.000% Senior Secured Notes due 2029 was originally scheduled to terminate on December 15, 2025. On that date, the parties agreed to extend the forbearance through January 9, 2026, giving additional time during which noteholders will not accelerate or exercise remedies related to the missed interest payment.

What is New Fortress Energy Inc. planning to do during the extended forbearance period?

The Company states that during the extended forbearance period, it expects to continue to advance negotiations toward a restructuring with its stakeholders. This indicates an active process to address its capital structure and obligations under the 12.000% Senior Secured Notes due 2029.

What change did NFE make to its Letter of Credit and Reimbursement Agreement?

On December 12, 2025, the Company entered into a Twelfth Amendment to its Letter of Credit and Reimbursement Agreement. This amendment terminates an automatic reduction of commitments that had been scheduled for December 22, 2025, so that, after the amendment, total commitments under the letter of credit facility remain at approximately $195 million.

Why is the amendment to NFEs letter of credit facility important for investors?

The amendment prevents a previously scheduled automatic reduction in the commitments available under the Companys letter of credit facility. By keeping commitments at about $195 million, New Fortress Energy Inc. preserves a significant level of credit support that can be important for operations and counterparties, especially while restructuring discussions around its 2029 notes are ongoing.

Which parties are involved in NFEs Twelfth Amendment to the letter of credit facility?

The Twelfth Amendment is among New Fortress Energy Inc., as borrower, the guarantors party to the agreement, Natixis, New York Branch, as administrative agent and collateral agent, and the other financial institutions that are lenders and issuing banks under the Letter of Credit and Reimbursement Agreement.