Nov 12 (Reuters) - New Fortress Energy ( NFE ) has
sought more time to file its third-quarter results, the U.S.
liquefied natural gas company said on Wednesday, as it
negotiates a debt restructuring amid an upcoming interest
payment.
The company, which has delayed its quarterly filings
throughout this year, said the outcome of the talks could affect
what it discloses in its financial statements for the three
months ended September 30.
New Fortress said it would assess how potential defaults
under its debt agreements could affect its cash position if the
extension is not granted.
Long-term debt stood at $7.8 billion, as of June 30.
The company has struggled to secure long-term LNG supply for
power plants in Latin America because it lacks an
investment-grade credit rating, forcing it to buy fuel at higher
prices.
The vast majority of the company's revenue is generated
outside the United States, primarily from Latin America and the
broader Caribbean region.
Last year, New Fortress began exploring options such as
bringing in strategic partners or selling assets after deferring
shareholder dividends to preserve cash and working out a deal
with bondholders to push back maturities.