Wesley R. Edens Purchases $110M NFE Debt, Positioned for Future Equity via Restructuring
On March 31, 2026, Wesley R. Edens, CEO of New Fortress Energy Inc. (NFE), entered into an Assignment and Assumption Agreement to purchase approximately $110 million in aggregate principal amount of loans under the company's Term Loan A Credit Agreement. This transaction, funded with personal funds, represents a 37.14% interest in the specific loan facility. Following the closing of transactions contemplated by a Restructuring Support Agreement (disclosed on March 17, 2026), Mr. Edens is expected to receive a pro rata portion of consideration as a lender. This consideration is anticipated to include an indeterminate number of Class A shares and convertible preferred stock. As of this filing, Mr. Edens beneficially owns 53,634,666 shares of Class A common stock, representing 18.8% of the class. The shares are held through WRE 2012 GST Exempt Trust LLC and Edens Family Partners LLC. This Amendment No. 7 serves to update the reporting person's position and potential future equity acquisition resulting from the debt restructuring.