Article

New Fortress Energy Inc. is seeking an extension from creditors to complete its debt restructuring before a forbearance period expires, following project delays and a missed $30.6 million interest payment on its term loan B. With total debt at $8.9 billion, including $6.6 billion classified as current, the company risks bankruptcy if an extension is not secured, as its term loan and secured notes have significantly decreased in value. Various creditor groups are currently engaged in discussions for restructuring support.