New Fortress Energy Exits Restructuring; What Now for Wyalusing?

Back in March, MDN told you that New Fortress Energy (NFE) had entered a voluntary UK Restructuring Plan — the British cousin of a U.S. prepackaged bankruptcy (see New Fortress Energy Enters UK Equivalent of Prepackaged Bankruptcy). Six months later, it's done. NFE announced last Friday that the restructuring is complete, the Brazilian business has been cut loose, and roughly $5.7 billion of debt has been wiped off the books. The company that walks out the other side is a much smaller animal than the one that walked in. And here's the part that ought to interest Marcellus watchers: when CEO Wes Edens listed off what "New NFE" actually owns now, Pennsylvania didn't make the list.

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