More New Fortress Lenders Unite as Company Eyes Restructuring

Another group of creditors to billionaire investor Wes Edens’ New Fortress Energy Inc., is banding together as the liquefied natural gas company looks to slash its nearly $9 billion debt pile, according to people familiar with the situation.

Law firm Paul Hastings is organizing a group holding New Fortress Energy’s 6.5% secured bonds due in 2026 and its 8.75% bonds maturing in March 2029, said the people, who asked not to be identified discussing a private matter.

New Fortress Energy has been struggling with delayed projects that have dented its cash flow, which has placed more pressure on ...