New Fortress Energy advances UK restructuring plan process
New Fortress Energy Inc. (NASDAQ: NFE) announced that its subsidiaries NFE Global Holdings Limited and NFE Brazil Newco Limited have published a practice statement letter dated April 20, 2026, as part of their UK Restructuring Plan process.
The practice statement letter addresses plan creditors and outlines each subsidiary's proposed UK restructuring plan, its effects, and next steps for creditors. The document is available through a website operated by Kroll Issuer Services Limited, which serves as the information agent for the restructuring.
New Fortress Energy reported that approximately 97% in value of its holders and lenders have committed support for the transaction, which will be implemented through the UK restructuring plan. The company previously announced on March 17, 2026, that it entered into a Restructuring Support Agreement with its creditors.
The subsidiaries plan to apply to the High Court of Justice of England and Wales for permission to convene a meeting of plan creditors to consider and approve the UK restructuring plan. The convening hearing is expected to occur on May 14, 2026.
New Fortress Energy expects to complete the transaction by the third quarter of 2026, subject to court availability, customary conditions and regulatory approvals. The company operates natural gas and liquefied natural gas infrastructure globally.
Creditors who need access to the plan website can contact the information agent for login credentials. The practice statement letter and related materials are accessible through the dedicated restructuring website.
