Creditors to New Fortress Energy Organize Amid Bond-Price Slump

Various creditor groups to New Fortress Energy have formed as struggles mount for billionaire Wes Edens’ liquefied natural gas company, according to people familiar with the situation.

Some term-loan lenders have organized with legal counsel Akin Gump Strauss Hauer & Feld, said the people, who asked not to be identified discussing a private matter.

Meanwhile, a group of creditors led by Capital Research Group Inc. is getting advice from Paul Weiss Rifkind Wharton & Garrison, the people said. The investors have holdings across the New Fortress debt structure.

New Fortress and Capital Research declined to comment. Akin ...