<a href="https://laohu8.com/S/NFE">New Fortress</a> Energy Extends Credit Agreement, Tightens Debt Restrictions
New Fortress Energy Inc. has entered into an Eleventh Amendment to its existing Letter of Credit and Reimbursement Agreement with Natixis, New York Branch, and other financial institutions. The amendment extends the maturity date of the agreement to March 31, 2026, and introduces several key changes, including a temporary covenant holiday for certain financial ratios for the quarters ending September 30 and December 31, 2025, and the removal of the minimum liquidity requirement for each fiscal quarter. It also tightens restrictions on dividend payments and limits the company's ability to make payments of principal or interest on certain outstanding debt, including the New 2029 Notes. Additionally, if a related forbearance and waiver agreement is not maintained, it could trigger a default, potentially resulting in accelerated debt repayment and the need for restructuring initiatives.
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