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 credit facility of up to $50,000,000 revolving loan facility and up to $12,500,000 interest loan facility with MUFG Bank, Ltd. at SOFR plus the applicable margin (4.50%) or the base rate plus the applicable mar maturing the earlier of (a) the second anniversary of the Closing Date or such later anniversary of the Closing Date as may be determined by a unanimous decision of the.
- Instrument
- credit facility
- Principal
- up to $50,000,000 revolving loan facility and up to $12,500,000 interest loan facility
- Counterparty
- MUFG Bank, Ltd.
- Rate
- SOFR plus the applicable margin (4.50%) or the base rate plus the applicable mar
- Maturity
- the earlier of (a) the second anniversary of the Closing Date or such later anniversary of the Closing Date as may be determined by a unanimous decision of the
- Event
- incurrence
Exact text from the filing
institutions party thereto as lenders. The Credit Agreement provides for the following facilities: ● a revolving loan facility (the “ Revolving Loans ”) in an amount up to $50,000,000 available to NextDecade LNG to be used for (a) general corporate purposes and working capital requirements of NextDecade LNG and its subsidiaries, including development costs
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NextDecade Corp entered into Credit Agreement with MUFG Bank, Ltd., as administrative agent, and the financial institutions party thereto as lenders valued at up to $50,000,000 (effective 2024-01-04).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- MUFG Bank, Ltd., as administrative agent, and the financial institutions party thereto as lenders
- Value
- up to $50,000,000
- Effective
- 2024-01-04
Exact text from the filing
On January 4, 2024 (the “ Closing Date ”), NextDecade LNG, LLC, a Delaware limited liability company (“ NextDecade LNG ”) and a direct subsidiary of NextDecade Corporation (the “ Company ”), entered into a Credit and Guaranty Agreement (the “ Credit Agreement ”)
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