financetom
Business
financetom
/
Business
/
New Fortress Energy Reports UK Restructuring Plan Approval
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
New Fortress Energy Reports UK Restructuring Plan Approval
Jun 18, 2026 9:48 AM

12:27 PM EDT, 06/18/2026 (MT Newswires) -- New Fortress Energy ( NFE ) said Thursday the UK restructuring plan between its subsidiaries and some creditors was approved at a hearing in the High Court of Justice of England and Wales.

The company said creditors showed "overwhelming" support for the UK restructuring plan.

A hearing before the US Bankruptcy Court of the Southern District of New York to confirm the recognition of the UK RP is set on June 26, the firm said, adding that the transactions contemplated by the plan are expected to be implemented by Q3.

Price: 0.48, Change: -0.03, Percent Change: -5.10

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Alpha Pro Tech Boosts Share Buyback Program by $2 Million
Alpha Pro Tech Boosts Share Buyback Program by $2 Million
Dec 23, 2024
04:18 PM EST, 12/23/2024 (MT Newswires) -- Alpha Pro Tech ( APT ) said late Monday its board approved a $2 million increase in its share repurchase program to $2.8 million. The company plans to retire all shares repurchased under the plan. ...
Arcadium Lithium shareholders approve $6.7 billion Rio Tinto deal
Arcadium Lithium shareholders approve $6.7 billion Rio Tinto deal
Dec 23, 2024
(Reuters) -Arcadium Lithium ( ARLTF ) said on Monday its shareholders have voted in favor of a $6.7 billion sale to Australian mining giant Rio Tinto. Shares of Arcadium Lithium ( ARLTF ) rose about 7% in extended trading after the company said that about 98% of its shareholders had voted in favor of the sale. The deal, expected to...
BGSF Implements Restructuring Plan to Cut Expenses by $5 Million
BGSF Implements Restructuring Plan to Cut Expenses by $5 Million
Dec 23, 2024
04:21 PM EST, 12/23/2024 (MT Newswires) -- BGSF ( BGSF ) said late Monday that it implemented a restructuring plan in Q4 that will reduce annual compensation and benefit expenses by about $5 million. The company said it plans to implement more expense reductions in 2025 that are expected to result in savings of $2 million to $4 million. Annual...
AVITA Medical Gets FDA Approval for Recell Go Mini to Treat Smaller Wounds
AVITA Medical Gets FDA Approval for Recell Go Mini to Treat Smaller Wounds
Dec 23, 2024
04:23 PM EST, 12/23/2024 (MT Newswires) -- AVITA Medical ( RCEL ) said Monday that the US Food and Drug Administration has approved its premarket approval supplement for Recell Go Mini. The Recell Go Mini disposable cartridge, which is a line extension of the Recell Go system, was designed specifically to treat smaller wounds of up to 480 square centimeters,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved