NFE’s press release mentions entry into a forbearance pact which delays payment of the interest that was due on the NFE FIN 12.00 2029 (US62909BAA52) until December 15th. The 10Q notes the forbearance pact was effectuated by agreement with over 70% of noteholders to not accelerate, but does not mention an amendment to the indenture, which would require 100% of bondholders, was effectuated.
Furthermore, the 8-K dated November 20th mentions that amendments to the letters of credit restrict payment of the interest that was due on November 17th. The note’s indenture has three days grace, which expired on Nov 20th. The payment was not made, so there was a failure to pay.
5:00 p.m. New York time: deadline for submission of Customer Physical Settlement Requests to the relevant Participating Bidder.
Wednesday, January 14, 2026
Auction Date.
Thursday, January 15, 2026
4:00 p.m. New York time: deadline for Buyers to deliver Notices of Physical Settlement to Sellers in respect of any Representative Auction-Settled Transactions.
Tuesday, January 20, 2026
Auction Settlement Date.
Friday, January 30, 2026
4:00 p.m. New York time: deadline for Sellers to deliver to Buyers any Seller Notices of Physical Settlement in respect of any Representative Auction-Settled Transactions.
Monday, March 16, 2026
Last day of the Physical Settlement Period in respect of any Representative Auction-Settled Transactions.
