Strategic Value Partners Buys $34.5M of New Fortress Preferred Stock
NFE is trading near its 52-week low of $11.25 (15% above the low) on elevated volume (5.4× avg).
Summary
Strategic Value Partners, LLC and affiliates bought $34.45 million of New Fortress Energy Series A Mandatorily Convertible Preferred Stock, convertible into approximately 3.25 million common shares.
Key Events · Ownership and Investor Activity · NFE
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Preferred Stock Purchase
Strategic Value Partners, LLC and affiliated funds acquired 70,000 shares of Series A Mandatorily Convertible Preferred Stock for $34,450,000 across eight transactions on September 14 and 16, 2026.
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Conversion Terms
Each preferred share converts into 46.441271 shares of Class A Common Stock on the third anniversary of issuance, implying approximately 3,250,889 underlying common shares.
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Purchase Price
Preferred shares were purchased at $490.00 to $505.00 per share, while the underlying Class A Common Stock traded at $12.90 post-reverse-split as of September 16, 2026.
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Post-Restructuring Capital Infusion
The purchase follows New Fortress Energy's completed debt restructuring on September 11, 2026, and its 1-for-50 reverse stock split effective September 14, 2026.
Analysis · NFE · Energy & Transportation
A substantial capital commitment from a 10% owner just days after New Fortress completed its debt restructuring and reverse stock split provides fresh equity-linked capital at a time when the company has reported going-concern doubts. Strategic Value Partners, LLC and its affiliated funds purchased 70,000 shares of Series A Mandatorily Convertible Preferred Stock for $34.45 million across eight transactions on September 14 and 16, 2026. The preferred shares convert into Class A Common Stock at a ratio of 46.441271 shares per preferred share, implying roughly 3.25 million underlying common shares.
How filings like this one have moved
In the 30 days to Oct 20, 2026, 37.4% of the 952 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.87%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NFE was trading at $12.90 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $71.5M. The 52-week trading range was $11.25 to $154.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.