New Fortress Seeks to Push Debt Deadline as Restructuring Looms

New Fortress Energy Inc. is asking its creditors for yet more time to hash out a debt restructuring before a forbearance period on some of its borrowings expires, according to people familiar with the situation.

The reprieve on some of its debt runs out on Friday, according to regulatory filings. The liquefied natural gas operator founded by Wes Edens is in negotiations with its lenders for additional time to rework its debt burden amid project delays and dwindling cash flow, said the people, who asked not to be identified discussing a private matter.