New Fortress Energy down on report of UK debt restructuring plan
29/10/2025 15:03
** Shares of U.S. LNG firm New Fortress Energy NFE.O down 7.8% at $1.41 ** NFE is considering restructuring its debt through a UK process known as a scheme of arrangement, Bloomberg News reported late on Tuesday, citing people familiar with the matter ** The UK court procedure, which is typically cheaper than a U.S. bankruptcy, could be less detrimental to contracts than a Chapter 11 filing, the report added ** Including session's moves, NFE shares down 90.7% YTD (Reporting by Sumit Saha in Bengaluru) ((Sumit.Saha@thomsonreuters.com;))