CDS Panel Accepts Question on NFE After Interest Forbearance

The Credit Derivatives Determinations Committees accepted a question about whether NFE Financing LLC’s deal to forbear the interest payments on its 2029 senior-secured notes triggered the payout of its credit default swaps.

• Question of whether a failure to pay credit event occurred was accepted on Monday, according to the CDDC website; no meetings have been scheduled
• Co. got a one-month reprieve last week from 70% of its noteholders to delay interest payment until Dec. 15
  • NOTE, Nov. 18: New Fortress Energy Wins Debt Reprieve Amid Restructuring (1)
• The party that asked the question flagged that, while the company reached ...