secwatch.observer — SEC 8-K summary
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Issuer:     NextDecade Corp (NEXT)
CIK:        0001612720
Form:       8-K
Filed at:   2023-09-20T23:59:59+00:00
Accession:  0001437749-23-026430
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NextDecade subsidiary closes $356M senior loans for Rio Grande LNG Phase 1
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- Rio Grande LNG subsidiary entered into $356M senior loan credit agreement on Sept 15, 2023; full amount drawn same day.
- Commitments outstanding under existing Phase 1 term loan facilities reduced from $11.1B to under $10.8B.
- Senior loans mature July 2033, bear fixed interest at 6.72% per annum, paid semi-annually starting March 30, 2024.
- Loans rank pari passu with existing term loans, $500M working capital facility, and $700M 10-year senior notes issued at FID.
- Over 80% of projected Phase 1 debt now fixed-rate or hedged, aligning with long-term balance sheet strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612720/000143774923026430/0001437749-23-026430-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612720/000143774923026430/next20230918_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-026430

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