New Fortress Energy Takes $6.5 Billion Debt Plan to London Court

Billionaire Wes Edens’ New Fortress Energy Inc. is seeking permission from a UK court for a sweeping restructuring that will see the vast majority of the firm’s debt load converted...

By Giulia Morpurgo, Constantine Courcoulas · Bloomberg Markets

Billionaire Wes Edens’ New Fortress Energy Inc. is seeking permission from a UK court for a sweeping restructuring that will see the vast majority of the firm’s debt load converted into equity and hand ownership of the business to creditors.