New Fortress Energy Faces Bankruptcy Risk
Update: 2025-11-21
Description
New Fortress Energy, founded by billionaire Wes Edens, faces potential bankruptcy as it grapples with financial challenges. The company, which specializes in liquefied natural gas, has secured a short-term extension to delay interest payments and is exploring options for court-supervised restructuring in the U.S. and U.K. Analysts warn that without a refinancing deal, the company could face a court-supervised restructuring before the end of the year.
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