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FBIO News2 articles
New Fortress Restructuring Slashes Debt to $700M, Dilutes Legacy Holders
New Fortress Energy completed a restructuring that cuts corporate debt to ~$700M, but legacy shareholders could see their stake diluted below 4.6% if preferred shares convert.
Upstart Shares Slip on Fortress Loan Deal as Investor Caution Lingers
Upstart shares fell after announcing a $1.25 billion loan purchase deal with Fortress Investment Group. Despite strong 2025 results, investors remain cautious about funding risks.