New Fortress Energy Inc. (NFE) secured a $50 million Brazil Bridge Credit Agreement on April 14 2026, providing a senior secured, multiple‑draw term loan facility to support its operations in Brazil and to meet short‑term cash needs during a broader debt restructuring.
The facility carries a 10% paid‑in‑kind interest rate and is secured by substantially all of NFE Brazil’s assets, including its stake in Hygo Energy Transition Ltd. The agreement allows NFE to draw on the credit line as needed, with a maturity that can be extended to late 2026 or until refinancing or restructuring milestones are achieved.
NFE’s financial position has deteriorated sharply, reporting a net loss of $1.84 billion for the full year ended December 31 2025, compared with a net loss of $272 million in 2024. The company’s cash runway is estimated at less than one year, and its leverage has risen to a level that necessitates additional liquidity to sustain ongoing projects.
Strategically, Brazil remains a core market for NFE. In March 2026 the company announced a restructuring that will split its operations into a privately held BrazilCo and a publicly traded New NFE. The bridge credit is intended to preserve BrazilCo’s operations and funding while New NFE works to reduce its debt from approximately $5.7 billion to $527.5 million.
The bridge credit is part of a broader effort to stabilize NFE’s balance sheet and to provide working capital for Brazil projects during the restructuring process. The facility’s maturity is tied to refinancing or restructuring milestones, with potential dates extending to September 15 2026 or December 31 2026 under certain conditions.
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