This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
New Fortress Seeks Additional Time from Creditors
January 9, 2026
New Fortress Energy is seeking additional time from creditors to negotiate a debt restructuring as a forbearance period expires on Friday, according to sources. The LNG operator entered forbearance late last year after missing a $30.6mn interest payment on its 2028 term loan B and signaling further missed payments. With $8.9bn of total debt, including $6.6bn classified as current, failure to secure an extension could allow lenders to accelerate obligations and force a bankruptcy process. The company has been under pressure as project delays have tightened liquidity, exacerbating an already stressed debt position. Multiple creditor groups have been formed and they have hired advisers. The move underscores mounting creditor coordination as the company races to extend forbearance and avoid an acceleration of its debt. New Fortress also missed an interest payment in November on its senior secured notes due in 2029. Its 2028 term loan has been trading around 41 cents, according to Bloomberg.
Its 8.75% 2029s was trading at deeply distressed levels of 8-9 cents on the dollar.
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.