Shares of billionaire Wes Edens’ New Fortress Energy Inc. tumbled after the company warned it may seek bankruptcy protection in the US if its efforts to negotiate an out-of-court restructuring with lenders falls short.
The New York-based company that specializes in liquefied natural gas disclosed in a filing Friday that it’s also considering restructuring its debt through a court process in the UK if its push to increase liquidity and stave off accelerating debt obligations fail. Bloomberg reported last month that New Fortress Energy was considering the move.
