Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NextDecade Corp incurred term loan of $251 million with Wilmington Trust, National Association, as the administrative agent; Mizuho Bank (USA), as the P1 collateral agent; and the senior lenders party thereto at 7.11% per annum maturing September 2047.
- Instrument
- term loan
- Principal
- $251 million
- Counterparty
- Wilmington Trust, National Association, as the administrative agent; Mizuho Bank (USA), as the P1 collateral agent; and the senior lenders party thereto
- Rate
- 7.11% per annum
- Maturity
- September 2047
- Event
- incurrence
Exact text from the filing
Collateral Agent ”), and the senior lenders party thereto (the “ Senior Lenders ”). The Credit Agreement provides for a term loan facility (the “ Senior Loans ”) in an amount of $251 million to finance a portion of Rio Grande LNG Trains 1, 2 and 3 and related common facilities (“ Phase 1 ”) and to pay certain fees and expenses associated with the Credit Agreement and
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NextDecade Corp entered into Credit Agreement with Wilmington Trust, National Association, as administrative agent, Mizuho Bank (USA), as P1 collateral agent, and the senior lenders party thereto valued at $251 million (effective 2023-12-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wilmington Trust, National Association, as administrative agent, Mizuho Bank (USA), as P1 collateral agent, and the senior lenders party thereto
- Value
- $251 million
- Effective
- 2023-12-28
Exact text from the filing
On December 28, 2023, Rio Grande LNG, LLC, a Texas limited liability company (“ RGLNG ”) and an indirect subsidiary of NextDecade Corporation (“ NextDecade ” or the “ Company ”) entered into a Credit Agreement (the “ Credit Agreement ”) by and among RGLNG, as borrower, Wilmington Trust, National Association, as the administrative agent (in such capacity, the “ Administrative Agent ”), Mizuho Bank (USA), as the P1 collateral agent (the “ P1 Collateral Agent ”), and the senior lenders party thereto (the “ Senior Lenders ”).
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