Edens updates New Fortress Energy 13D stake, adds loans
Wesley R. Edens filed Amendment No. 7 to his Schedule 13D on New Fortress Energy Inc., updating his holdings and a new financing move.
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Rhea-AI Filing Summary
Wesley R. Edens filed Amendment No. 7 to his Schedule 13D on New Fortress Energy Inc., updating his holdings and a new financing move. He now beneficially owns 53,634,666 Class A Shares, representing 18.8% of the Class A common stock, based on 284,552,811 shares outstanding as of November 14, 2025.
Edens agreed on March 31, 2026 to purchase approximately $110 million aggregate principal amount of loans under the company’s Term Loan A Credit Agreement, funding this with personal funds. When a Restructuring Support Agreement closes, he is expected to receive a pro rata mix of Class A Shares and preferred stock convertible into Class A Shares.
Insights
Edens maintains an 18.8% stake and adds $110M credit exposure.
Wesley R. Edens reports beneficial ownership of 53,634,666 Class A Shares, or 18.8% of New Fortress Energy, based on 284,552,811 shares outstanding as of November 14, 2025. The shares are held through entities he controls, with sole voting and dispositive power.
On March 31, 2026, Edens entered an Assignment and Assumption Agreement to buy about $110 million in loans under the Term Loan A Credit Agreement, using personal funds. This gives him additional creditor exposure alongside his equity position.
Following consummation of the Restructuring Support Agreement disclosed on March 17, 2026, he is expected to receive a pro rata portion of lender consideration, including an indeterminate amount of Class A Shares and preferred stock convertible into Class A Shares. The actual impact on his ownership percentage will depend on final consideration terms and overall issuance levels.
Key Figures
Key Terms
Schedule 13D regulatory
Restructuring Support Agreement financial
Term Loan A Credit Agreement financial
Assignment and Assumption Agreement financial
beneficially owned financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of New Fortress Energy (NFE) does Wesley R. Edens currently control?
What new transaction did Wesley R. Edens disclose in this Schedule 13D/A for NFE?
What securities might Wesley R. Edens receive in New Fortress Energy’s restructuring?
AI-generated analysis. How Rhea-AI works. Not financial advice.