secwatch.observer — SEC 8-K summary
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Issuer:     NextDecade Corp (NEXT)
CIK:        0001612720
Form:       8-K
Filed at:   2024-01-08T23:59:59+00:00
Accession:  0001437749-24-000877
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612720/000143774924000877/0001437749-24-000877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612720/000143774924000877/next20240104_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-000877

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