New Fortress Energy Inc.

NFE Brazil Financing Limited, a subsidiary of New Fortress Energy Inc., issued $973.5 million aggregate principal amount of 12.000% Senior Secured Notes due 2029. These notes are senior secured obligations, guaranteed by NFE Brazil's subsidiaries, and mature on November 15, 2029. A payment and turnover agreement was also established to prioritize certain intercompany claims of the parent company. The indenture includes various covenants limiting NFE Brazil's financial activities and provisions for redemption and repurchase.

New Fortress Energy Inc. stockholders approved the Amended and Restated 2019 Omnibus Incentive Plan, which removes an evergreen provision, fixes Class A common stock issuance at 10% of outstanding shares, and creates a new 7% reserve for Series A Mandatorily Convertible Preferred Stock. Stockholders also approved several amendments to the company's Charter in connection with a "Restructuring Transaction," including removing the staggered board, providing for majority vote director elections, and increasing the minimum board size. Additionally, two Class I directors were elected, and Ernst & Young LLP was ratified as the independent auditor for 2026.

New Fortress Energy Inc. announced a change in its Chief Accounting Officer position. Michael Lowe will resign from his role effective July 1, 2026, after serving the company since 2019. Frederick Hundt, who joined the company in June 2025 as Global Controller, will succeed Mr. Lowe as Chief Accounting Officer, also effective July 1, 2026. Mr. Hundt brings over 25 years of accounting and financial reporting experience, including previous roles at GXO Logistics and Mastercard.

New Fortress Energy Inc. announced that the High Court granted permission to convene meetings of creditors for its consensual UK Restructuring Plan (UK RP). This marks a crucial step in the implementation of the previously disclosed plan, following a Restructuring Support Agreement in March and a practice statement letter in April. Creditor meetings are scheduled for June 15, 2026, with a sanction hearing on June 18, 2026, and full implementation expected by Q3 2026, subject to court sanction and approvals.

New Fortress Energy Inc. announced a comprehensive debt restructuring plan to address substantial doubt about its ability to continue as a going concern, following multiple defaults on its debt agreements. The plan involves separating the company into two independent entities, BrazilCo and CoreCo, and exchanging approximately $5.8 billion in existing debt for a combination of new debt and equity securities. For the first quarter of 2026, the company reported a net loss of $400.6 million, significantly wider than the $175.4 million loss in Q1 2025, with total revenues decreasing to $227.0 million from $472.3 million year-over-year.

New Fortress Energy Inc.'s subsidiary, NFE Brazil Financing Limited, has received commitments for a proposed offering of $885 million in senior secured notes due 2029, bearing 12.00% interest. The proceeds will be used to fund operations, capital expenditures, and refinance approximately $472 million of existing debt. This financing is being contemplated in parallel with a broader recapitalization of New Fortress Energy, which involves separating its Brazil operations to be owned by a consortium of investors, with an expected close by the third quarter of 2026.

New Fortress Energy Inc. received a notice from Nasdaq on May 1, 2026, indicating non-compliance with the minimum $1.00 bid price requirement for continued listing. The company has 180 calendar days, until October 28, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive trading days. New Fortress Energy plans to monitor its stock and seek stockholder approval for a reverse stock split to address the deficiency, though there is no assurance of success.

New Fortress Energy Inc. filed an amendment to its 10-K to include Part III information, detailing executive compensation and corporate governance. The company disclosed approximately $21 million in cash retention and transaction bonuses awarded to its CEO, CFO, and CAO. Additionally, Michael Lowe was appointed as the new Chief Accounting Officer, replacing Yunyoung Shin. The filing also outlined the company's executive compensation program, insider trading policies, and clawback policy.

New Fortress Energy Inc.'s indirect subsidiary, NFE Brazil Holdings Limited, entered into a Brazil Bridge Credit Agreement for a $50 million senior secured term loan facility. This facility carries a 10% paid-in-kind interest rate and matures on September 15, 2026, with potential extensions. The obligations are secured by NFE Brazil's assets, including equity interests in Hygo Energy Transition Ltd., and the loan is subject to customary funding conditions.

New Fortress Energy Inc. (NFE) announced that its subsidiary, NFE Power PR LLC, completed a sale-leaseback transaction for certain turbines with Macquarie Energy LLC. The sale generated $265,882,500.00 in proceeds, which were primarily used to repay existing company indebtedness. Concurrently, another NFE subsidiary, NFE Turbines LLC, entered into a 10-year Master Lease Agreement for the equipment, expected to commence on July 1, 2026. This strategic financing move aims to enhance the company's liquidity and strengthen its balance sheet by reducing outstanding debt.