secwatch.observer — SEC 8-K summary
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Issuer:     NextDecade Corp (NEXT)
CIK:        0001612720
Form:       8-K
Filed at:   2024-01-03T23:59:59+00:00
Accession:  0001437749-24-000291
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

NextDecade subsidiary closes $251M senior secured loan for Rio Grande LNG Phase 1
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612720/000143774924000291/0001437749-24-000291-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612720/000143774924000291/next20240102_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-000291

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