New Fortress Energy Bonds Sink to Record Low After 1Q Report

New Fortress Energy bonds plunged to fresh record lows Wednesday following the LNG company’s first-quarter report that included revenue that fell short of analysts’ forecasts.

• The firm’s 6.5% note due 2026 fell 14 cents to 65.75 cents on the dollar as of 6:13pm ET, according to Trace
• Its 8.75% bond due 2029 dropped 11 cents to 40 cents
• Its shares sank 31% in postmarket trading
• From February, New Fortress Energy Gets Fresh Loan, Boosting Needed Liquidity

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Kevin Kingsbury in New York at kkingsbury2@bloomberg.net

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