Strategic Value Partners and Victor Khosla disclosed a 14.7% beneficial ownership stake in New Fortress Energy (NFE). The position consists of more than 19.2 million Class A common shares on an as-converted basis.
The investors acquired the stake on September 11, 2026, through a debt-for-equity swap. NFE issued the shares in exchange for approximately $564.5 million in debt.
The transaction follows NFE’s 1-for-50 reverse stock split and broader debt restructuring. Both measures became effective on September 11.
Strategic Value Partners may now nominate a candidate to the company’s board of directors. This provision allows the firm to exert direct influence over NFE’s future governance.