03:13 PM EDT, 10/29/2025 (MT Newswires) -- New Fortress Energy ( NFE ) is exploring a potential debt restructuring via a UK scheme of arrangement, Bloomberg reported Wednesday, citing sources familiar with the matter.

The UK process could offer a cheaper and less disruptive alternative to a US Chapter 11 filing, the media outlet reported.

No final decision has been made, according to the people cited.

The company faces upcoming obligations next month, including a coupon payment tied to its $2.7 billion in 12% secured notes maturing in 2029, Bloomberg reported.

Those notes were trading near 30 cents on the dollar Tuesday, down from 94 cents in March, while its $1.27 billion loan due in 2028 was quoted around 48 cents, according to Bloomberg.

Shares of the company were down nearly 12% in recent trading.

New Fortress Energy ( NFE ) and investment bank Houlihan Lokey did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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