New Fortress Energy Faces Bankruptcy Risk

New Fortress Energy, founded by billionaire Wes Edens, faces potential bankruptcy as it grapples with financial challenges. The company, which specializes in liquefied natural gas, has secured a short-term extension to delay interest payments and is exploring options for court-supervised restructuring in the U.S. and U.K. Analysts warn that without a refinancing deal, the company could face a court-supervised restructuring before the end of the year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.