New Fortress Energy Inc. · Failure to pay · 2025 · 6.500% Senior Secured Notes due 2026
Is the issuer of the instrument the Reference Entity?
Verified answer
Basis. Issuer "New Fortress Energy Inc." matches the Reference Entity.
Source clauses
No clause citedHow it was checked · 2 checks
- Rule re-applied. The Issuer matches Reference Entity rule (v1.0), re-applied to the stored facts, gives the same result as the code-only Mastermind v3 run of 2026-09-25 (deterministic extraction, no model).
- Name found in the documents. No clause is quoted for the issuer: it is the issuer named for this bond when the case was set up, and the name New Fortress Energy Inc. appears in every document of the record.
Issuer matches Reference Entity
The obligation must be issued by the Reference Entity (a guarantor or successor needs separate analysis).
These checks are CDSBench's provisional reading of the 2014 ISDA Credit Derivatives Definitions, not legal advice.
Instrument: 6.500% Senior Secured Notes due 2026
Source documents
The case record. Sections behind the verified answer are marked.
- 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
Related questions and cases
Same case
- #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
- #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?Yes
- #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?Yes
- #4 Does the instrument meet the Not Subordinated characteristic?Yes
- #5 Does the instrument meet the Not Bearer characteristic?Yes
- #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?Yes
- #7 Does the instrument meet the Transferable characteristic?Yes
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