New Fortress Energy Mulls UK Restructuring Instead of Chapter 11

New Fortress Energy Mulls UK Restructuring Instead of Chapter 11

Wes Edens’ New Fortress Energy Inc. is considering restructuring its debt through a UK process known as a scheme of arrangement, according to people familiar with the situation.

New Fortress Energy Seeks U.K. Lifeline to Dodge Bankruptcy – Shares Crash as $9 B Debt Weighs

Deep Dive: $9 B Debt Crunch Drives Unconventional Plan New Fortress Energy – a company founded by billionaire Wes Edens – grew rapidly in recent years as an integrated gas-to-power provider, building liquefied natural gas terminals, floating LNG (FLNG) facilities, and power plants from the Americas to Asia. But that breakneck expansion came at a cost: nearly $9 billion in debt piled up on its balance sheet news.bloomberglaw.com. When several maj…