New Fortress Energy Enters Forbearance as Lenders Mull Accelerating Debt
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New Fortress Energy Inc. has entered a forbearance agreement with lenders after missing a $30.6 million interest payment. The company also plans to skip certain principal payments, leading to default events. Lenders may accelerate debt repayment and require cash collateral for letters of credit. These developments could lead to restructuring, posing risks to shareholders. The information was published by New Fortress Energy via the SEC's EDGAR system.
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