{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-000291","form_type":"8-K","ticker":"NEXT","cik":"0001612720","company_name":"NextDecade Corp","filed_at":"2024-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.807412+00:00","generated_at":"2026-06-07T04:41:40.295391+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NextDecade subsidiary closes $251M senior secured loan for Rio Grande LNG Phase 1","bullets":["Rio Grande LNG subsidiary borrowed $251M under Credit Agreement on Dec 28, 2023.","Loan amortizes over ~18 years from mid-2029, matures Sept 2047; interest rate 7.11% p.a.","Financing reduces outstanding commitments under Phase 1 term loan facilities from ~$10.8B to ~$10.5B.","Proceeds to fund a portion of Rio Grande LNG Trains 1-3 and related common facilities.","Senior secured debt ranks pari passu with existing senior secured debt under Common Terms Agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-000291","json":"https://secwatch.observer/filing/0001437749-24-000291.json","markdown":"https://secwatch.observer/filing/0001437749-24-000291.md","text":"https://secwatch.observer/filing/0001437749-24-000291.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1612720/000143774924000291/0001437749-24-000291-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1612720/000143774924000291/next20240102_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T04:41:40.295391+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":"13bd2f798b650bbaf4d53c011877f47166724a19","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1612720/000143774924000291/0001437749-24-000291-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$251 million"},{"label":"Counterparty","value":"Wilmington Trust, National Association, as the administrative agent; Mizuho Bank (USA), as the P1 collateral agent; and the senior lenders party thereto"},{"label":"Rate","value":"7.11% per annum"},{"label":"Maturity","value":"September 2047"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"2b5e389346db9a17e79358612aba29ea254e9c0b","claim":"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).","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1612720/000143774924000291/0001437749-24-000291-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wilmington Trust, National Association, as administrative agent, Mizuho Bank (USA), as P1 collateral agent, and the senior lenders party thereto"},{"label":"Value","value":"$251 million"},{"label":"Effective","value":"2023-12-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}