0001749723-26-000022
SEC filingNew Fortress Energy Inc. entered into the LCF Forbearance Agreement on March 27, 2026, under which lenders agreed to forbear from exercising remedies for specified defaults under the Letter of Credit Agreement until September 15, 2026.
The LCF Forbearance Agreement provides New Fortress Energy Inc. with temporary relief from lender remedies related to specified defaults under its existing Letter of Credit and Reimbursement Agreement dated July 16, 2021. This forbearance, involving the Company, certain subsidiaries as guarantors, and Natixis as agent, lasts until September 15, 2026, unless terminated earlier. The agreement aligns with the broader Restructuring Support Agreement (RSA) signed on March 17, 2026, which outlines transactions to recapitalize the Company's indebtedness. For investors, this signals acute liquidity or covenant pressures but also a structured path toward debt restructuring. Failure to extend forbearance post-September could trigger cash collateral demands on outstanding loans, heightening refinancing risks. The consistency with RSA terms suggests coordinated creditor negotiations, potentially stabilizing operations short-term while pursuing long-term capital structure improvements.