New Fortress Energy Files Chapter 15 to Enforce $5.7B UK Restructuring
New Fortress Energy's UK subsidiaries filed chapter 15 in the Southern District of New York to enforce two English Part 26A restructuring plans that cut roughly $5.7 billion of funded debt to under $1 billion, split off the Brazil business, and hand creditors 65 percent of the surviving company.
Chapter 15Energy & natural resources