New Fortress Energy (NFE) Q4 2025 earnings summary

Amendments to Credit Agreement

• The Fourteenth Amendment to the Credit Agreement, dated December 17, 2025, further amends the existing credit agreement among the borrower, guarantors, lenders, and MUFG Bank, Ltd. as administrative and collateral agent.

• The amendment is effective upon execution by all parties and payment of all required fees and expenses, including those of advisors and counsel.

Covenants

• The borrower and its subsidiaries must use commercially reasonable efforts to respond to diligence requests from the administrative agent within five business days.

• Without consent of the Required Lenders, the borrower and subsidiaries are restricted from making restricted payments, incurring new indebtedness, consummating asset sales, making intercompany asset transfers, or making investments, except in the ordinary course of business and consistent with past practice.

• Certain exceptions are provided for non-guarantor restricted subsidiaries to make payments, loans, or asset transfers to the borrower or other guarantor subsidiaries.

• The borrower and subsidiaries are prohibited from settling claims or liabilities exceeding $5 million individually or $20 million in aggregate (excluding FEMA Make Whole) outside the ordinary course of business without Required Lenders' consent.

• The borrower must not unreasonably withhold or delay execution of engagement letters with local or specialty counsel engaged by the administrative agent or Required Lenders.

• The borrower must not take any action requiring prior written consent of Supporting Lenders or Majority Supporting Lenders under the Term Loan B Forbearance Agreement without Required Lenders' consent.

Ratification and Release

• The amendment reaffirms all obligations under the loan documents, and all prior grants, pledges, and guarantees remain in full force.

• The borrower and guarantors release the administrative agent, lenders, and their affiliates from any claims relating to the negotiation and execution of this amendment, the credit agreement, or any acts or omissions prior to the amendment's effective date.