---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-000877"
form_type: "8-K"
ticker: "NEXT"
cik: "0001612720"
company_name: "NextDecade Corp"
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T02:18:47.474891+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NextDecade subsidiary secures $62.5M credit facility for Train 4 development costs

## Summary
- NextDecade LNG entered $50M revolver and $12.5M interest term loan with MUFG Bank.
- Proceeds for general corporate purposes and Train 4 development costs at Rio Grande LNG.
- Loans mature 2 years from closing or 10 business days after Train 4 FID; SOFR/base rate + margin.
- Company targets finalize EPC contract for Train 4 in H1 2024 and positive FID in H2 2024.
- Subsidiary guarantors; security includes pledge of equity interests in NextDecade LNG.

## SEC filing metadata
- accession: 0001437749-24-000877
- form_type: 8-K
- ticker: NEXT
- cik: 0001612720
- company_name: NextDecade Corp
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1612720/000143774924000877/0001437749-24-000877-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1612720/000143774924000877/next20240104_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-000877
- JSON: https://secwatch.observer/filing/0001437749-24-000877.json
- Plain text: https://secwatch.observer/filing/0001437749-24-000877.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1612720/000143774924000877/0001437749-24-000877-index.htm
- Material Agreements
  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
  source text: 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 ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1612720/000143774924000877/0001437749-24-000877-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.