Core Insights - New Fortress Energy Inc. (NFE) shares experienced a significant increase of 20.54% in after-hours trading, reaching $1.76, following a 25.86% rise during the regular session, closing at $1.46 [1][6] Financial Developments - The company signed an Eleventh Amendment to its Letter of Credit and Reimbursement Agreement with Natixis, extending the credit facility's maturity date to March 31, 2026 [2][3] - The amendment provides a covenant holiday for the consolidated first lien debt ratio and fixed charge coverage ratio for the fiscal quarters ending in September and December, while eliminating minimum liquidity requirements [3] - However, the company has lost some flexibility regarding dividend payments and distributions due to the amendment [3] Default Risk and Financial Distress - The amended agreement restricts payments on certain outstanding debt, including an interest payment due on November 17 for the company's 2029 Notes Indenture [4] - A warning was issued that failure to comply with the Forbearance and Waiver Agreement could lead to a default, potentially accelerating all outstanding debt and necessitating additional restructuring initiatives, which could adversely affect stockholders [5] - Fitch Ratings downgraded the company's Long-Term Issuer Default Rating to 'RD' (Restricted Default) following a missed interest payment [5] Stock Performance Overview - NFE shares have declined by 91.04% year-to-date, with an annual trading range between $0.98 and $16.66, and a market capitalization of $415.45 million [6] - Current stock performance indicates a negative price trend across all time frames according to Benzinga Edge Stock Rankings [6]