New Fortress Energy Inc. Enters into Forbearance Agreements and Amends Credit Facilities

New Fortress Energy Inc. (the Company) entered into a Term Loan B Forbearance Agreement on December 17, 2025, with certain lenders after failing to make required interest and principal payments. This agreement allows lenders to forbear from accelerating payments until January 9, 2026, at which point the Company's entire debt could become due if a further restructuring is not agreed upon. Similarly, a Term Loan A Forbearance Agreement was executed on the same date under similar circumstances, also expiring on January 9, 2026. The Company also entered into the Thirteenth Amendment to its Letter of Credit Agreement and the Fourteenth Amendment to its Revolving Credit Facility Agreement. These amendments introduce default clauses if the forbearance agreements are not maintained, potentially leading to cash collateralization of letters of credit and acceleration of debt. Furthermore, the Seventh Amendment to the Term Loan A Credit Facility was enacted, which also includes default provisions tied to the Term Loan B Forbearance Agreement, enabling acceleration of debt repayment. These amendments also restrict the Company's flexibility regarding dividends, incurring debt, asset sales, intercompany transfers, and investments.