New Fortress Energy Inc. · Failure to pay · 2025

6.500% Senior Secured Notes due 2026

New Fortress Energy Inc. · ISIN US644393AB64. 8 verified questions on this obligation.

Verified outcome

EligibleIs the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?

Basis. All 7 checks pass on the record: the issuer is the Reference Entity, the instrument meets the Maximum Maturity, Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics, and it is Not Contingent.

Source clauses

Indenture of 2021-04-12

cover page
preamble and recitals
Section 4.03(d)–(e) (Reports and Other Information)
Exhibit A, form of face of Note
Exhibit A, reverse of Note, paragraph 2 (Method of Payment)
Exhibit A, reverse of Note, paragraph 6 (Denominations, Transfer, Exchange)

Currency: USD
Final maturity: 2026-09-30
Seniority: Senior
Governing law: Not recorded
Form: Registered
Transferable: Yes (no contractual transfer restriction)
Coupon: 6.500%

Questions and verified answers

#1 Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?
Eligible
Indenture of 2021-04-12
#2 Does the instrument meet the Maximum Maturity characteristic (30 years)?
Yes
Indenture of 2021-04-12
- Exhibit A, form of face of Note
#3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?
Yes
Indenture of 2021-04-12
- Exhibit A, reverse of Note, paragraph 2 (Method of Payment)
#4 Does the instrument meet the Not Subordinated characteristic?
Yes
Indenture of 2021-04-12
- cover page
- preamble and recitals
#5 Does the instrument meet the Not Bearer characteristic?
Yes
Indenture of 2021-04-12
- Exhibit A, reverse of Note, paragraph 6 (Denominations, Transfer, Exchange)
#6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?
Yes
None: no clause making principal contingent was found.
#7 Does the instrument meet the Transferable characteristic?
Yes
Indenture of 2021-04-12
- Section 4.03(d)–(e) (Reports and Other Information)
#8 Is the issuer of the instrument the Reference Entity?
Yes
No clause cited

#	Question	Verified answer	Source clauses
1	Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent? Deliverability	Eligible	Indenture of 2021-04-12 cover page preamble and recitals Section 4.03(d)–(e) (Reports and Other Information) Exhibit A, form of face of Note Exhibit A, reverse of Note, paragraph 2 (Method of Payment) Exhibit A, reverse of Note, paragraph 6 (Denominations, Transfer, Exchange)
2	Does the instrument meet the Maximum Maturity characteristic (30 years)? Deliverable Obligation Characteristic	Yes	Indenture of 2021-04-12 Exhibit A, form of face of Note
3	Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)? Deliverable Obligation Characteristic	Yes	Indenture of 2021-04-12 Exhibit A, reverse of Note, paragraph 2 (Method of Payment)
4	Does the instrument meet the Not Subordinated characteristic? Deliverable Obligation Characteristic	Yes	Indenture of 2021-04-12 cover page preamble and recitals
5	Does the instrument meet the Not Bearer characteristic? Deliverable Obligation Characteristic	Yes	Indenture of 2021-04-12 Exhibit A, reverse of Note, paragraph 6 (Denominations, Transfer, Exchange)
6	Is the instrument Not Contingent (principal not reducible for a reason other than payment)? Additional check	Yes	None: no clause making principal contingent was found.
7	Does the instrument meet the Transferable characteristic? Deliverable Obligation Characteristic	Yes	Indenture of 2021-04-12 Section 4.03(d)–(e) (Reports and Other Information)
8	Is the issuer of the instrument the Reference Entity? Reference Entity	Yes	No clause cited

Documents

Terms come from these documents. Fields the record omits show as not stated.

DOC-1 New Fortress Energy 8-K filed 2025-12-19 (event 2025-12-17), Item 1.01: missed Term Loan A/B interest payments and forbearance agreementsexcerpts
DOC-2 Indenture dated April 12, 2021, 6.500% Senior Secured Notes due 2026 (EX-4.1)excerpts

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