New Fortress Energy Warns of Possible Bankruptcy as Debt Pressures Mount

Shares of billionaire Wes Edens’ New Fortress Energy Inc. plunged on Friday after the liquefied natural gas (LNG) firm warned that it may file for bankruptcy protection in the U.S. if it cannot reach an out-of-court restructuring deal with creditors. The New York-based company said in a regulatory filing that it’s also considering a court-supervised restructuring in the U.K., underscoring the severity of its financial strain. New Fortress, which supplies natural gas across the Caribbean and Latin America, ...