NFE Financing LLC · Failure to pay · 2025
12.000% Senior Secured Notes due 2029
NFE Financing LLC · ISIN US62909BAA52. 8 verified questions on this obligation.
Verified outcome
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 2024-11-22
- Currency
- USD
- Final maturity
- 2029-11-15
- Seniority
- Senior
- Governing law
- State of New York
- Form
- Registered
- Transferable
- Yes (no contractual transfer restriction)
- Coupon
- 12.000%
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 2024-11-22
- #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?Yes
Indenture of 2024-11-22
- #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?Yes
Indenture of 2024-11-22
- #4 Does the instrument meet the Not Subordinated characteristic?Yes
- #5 Does the instrument meet the Not Bearer characteristic?Yes
Indenture of 2024-11-22
- #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?YesNone: no clause making principal contingent was found.
- #7 Does the instrument meet the Transferable characteristic?Yes
Indenture of 2024-11-22
- #8 Is the issuer of the instrument the Reference Entity?Yes
Indenture of 2024-11-22
Documents
Terms come from these documents. Fields the record omits show as not stated.
- DOC-1 New Fortress Energy 8-K filed 2025-12-17, Item 1.01: forbearance on the New 2029 Notes after the interest payment due 2025-11-17 was not made (grace period expired 2025-11-20)excerpts
- DOC-2 Indenture dated November 22, 2024, 12.000% Senior Secured Notes due 2029, NFE Financing LLC (EX-10.63 to the New Fortress Energy Form 10-K filed 2025-03-10)excerpts
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