New Fortress Energy Inc. (NFE) Form 8-K — Sep 11, 2026

Key figures

Debt Amount

$571.3 million New CoreCo Take-Back Term Loans; $400 million non-recourse FLNG 2 Term Loans

Interest Rate

New CoreCo senior term loans: Term SOFR + 6.125% cash (PIK +1.50% for ~18 months); junior term loans: Term SOFR + 8.125% cash (PIK +2.00%); FLNG 2 loans: Term SOFR + 3.00% PIK

Maturity Date

New CoreCo term loans: 5 years after September 11, 2026; FLNG 2 term loans: 3 years; LC facility: March 15, 2028

Eb5 settlement

$22.5 million promissory note at 7.0% PIK maturing December 31, 2029, plus $10 million cash or 164,864 shares at company option

Reverse split ratio

1-for-50

Coreco capital raise

$136.5 million ($36.5M senior, incl. $35M with 4% OID; $100M junior + $3M PIK premium)

Preferred authorized

2639716

Lc facility commitment

$250 million

Preferred shares issued

2454936

Preferred dividend rates

3.0% / 5.0% / 7.0% per annum over three years, compounding quarterly

Creditor common ownership

65% (existing stockholders retain 35%)

Edens additional purchase

$1,667,985.02 (28,313 common + 6,671 preferred shares)

Flng2 preferred interests

$200 million (200,000 units at $1,000 liquidation preference)

Preferred conversion rate

46.441271 shares of common per preferred share

Edens term loan a purchase

approximately $110 million at a discount

Brazilco intercompany payment

approximately $74 million

Preferred mandatory conversion

September 11, 2029, into 87% of fully diluted common stock

Incremental junior loan capacity

$50.0 million

Issue date consolidated total debt

$1,110,766,995

Coreco common shares issued to creditors

10608922

Preferred liquidation preference per share

$1,000