Under this agreement, the due date for interest payments scheduled for November 17, 2025 has been effectively extended to December 15, 2025, according to a statement by NFE.
“During the forbearance period, NFE expects to continue to work constructively with the company’s stakeholders,” the company said.
NFE did not provide further details.
The company recently requested additional time from the US SEC to file its third-quarter report, citing ongoing negotiations related to debt agreements.
According to a SEC filing dated November 12, NFE said it was working “diligently” and plans to file its quarterly report on Form 10-Q for the three months ended September 30, 2025 “as soon as practicable.”
The company believes it is necessary to file for an extension of the filing of the quarterly report to “accurately reflect the outcome of significant ongoing negotiations related to amendments to institute covenant holidays with respect to financial covenants in certain debt agreements and a forbearance with respect to a scheduled payment of interest due November 17, 2025, on its new 2029 notes that, if not granted, would require the company to consider the impact of events of defaults in such debt agreements on the company’s liquidity, which is likely to be material and adverse.”
NFE said the outcome of these agreements would also require the company to consider the impact on the disclosures contained in the interim unaudited financial statements for the interim period ended September 30, 2025.
The company reported a net loss of $557 million in the second quarter of 2025.
