{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-019791","form_type":"8-K","ticker":"NEXT","cik":"0001612720","company_name":"NextDecade Corp","filed_at":"2023-07-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.555793+00:00","generated_at":"2026-06-13T09:28:09.102413+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"NextDecade reaches FID, closes $11.8B in project financing for Rio Grande LNG Train 1-3","bullets":["Secured $10.3B CD construction/term loan, $800M TCF credit (TotalEnergies backstop), and $700M 6.67% notes due 2033.","JV with TotalEnergies and GIP-led group commits up to $5.9B equity; NextDecade subsidiary commits $283M.","ND Member (NextDecade) entitled to ~20.8% of JVCo distributions; board control with Class A managers.","RGLNG debt requires 1.10x DSCR; SOFR+2.25% margin on CD loans; mandatory prepayment provisions.","Project includes first three LNG trains at Port of Brownsville, Texas; construction to commence."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-019791","json":"https://secwatch.observer/filing/0001437749-23-019791.json","markdown":"https://secwatch.observer/filing/0001437749-23-019791.md","text":"https://secwatch.observer/filing/0001437749-23-019791.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1612720/000143774923019791/0001437749-23-019791-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1612720/000143774923019791/next20230712_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T09:28:09.102413+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"01ebf39e43782ed5b869dd3dde99c294df55b80a","claim":"NextDecade Corp incurred credit facility of up to $10.3 billion with MUFG Bank, Ltd. as administrative agent.","evidence_excerpt":"lenders party thereto. The CD Credit Agreement provides for the following facilities: ● a construction/term loan facility (the “ CD Construction/Term Loans ”) in an amount up to $10.3 billion available to RGLNG in three tranches solely to finance partially the design The JV Agreement contains certain restrictions on the ability of the members to transfer their","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1612720/000143774923019791/0001437749-23-019791-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to $10.3 billion"},{"label":"Counterparty","value":"MUFG Bank, Ltd. as administrative agent"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}