BUZZ-New Fortress extends forbearance agreement; shares rise

New Fortress Energy -2.36%

New Fortress Energy

NFE

0.57

-2.36%

** Shares of U.S. LNG firm New Fortress Energy NFE.O rise ~5% to $1.22

** NFE extends its forbearance agreement with representatives of the holders of its new senior secured notes due 2029

** The agreement, which was previously set to expire on December 15, 2025, has now been extended to January 9, 2026

** NFE has been grappling with a severe liquidity crunch, as mounting debt and missed interest payments overshadowed the progress on its new projects

** Shares were also helped by a rise in U.S. natgas futures NGc1, up 2.7% at $3.99 per million British thermal unit

** Including session's move, stock down 91.8% YTD


(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))

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