---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-003758"
form_type: "8-K"
ticker: "NEXT"
cik: "0001612720"
company_name: "NextDecade Corp"
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:19:56.299708+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NextDecade subsidiary RGLNG issues $190M in 6.85% Senior Secured Notes due 2047

## Summary
- RGLNG issued $190M aggregate principal of 6.85% Senior Secured Notes due 2047 on Feb 9, 2024.
- Notes amortize over ~18 years starting mid-2029; interest payable semi-annually from June 30, 2024.
- Issuance reduces RGLNG's Phase 1 term loan commitments from ~$10.5B to ~$10.3B.
- Notes are senior secured, rank pari passu with other senior secured debt under Common Terms Agreement.
- Covenants include debt service coverage ratio of at least 1.10:1.00 and limits on additional debt.

## SEC filing metadata
- accession: 0001437749-24-003758
- form_type: 8-K
- ticker: NEXT
- cik: 0001612720
- company_name: NextDecade Corp
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1612720/000143774924003758/0001437749-24-003758-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1612720/000143774924003758/next20240209_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-003758
- JSON: https://secwatch.observer/filing/0001437749-24-003758.json
- Plain text: https://secwatch.observer/filing/0001437749-24-003758.txt

## Key facts
- Debt Financings
  NextDecade Corp incurred senior notes of $190 million aggregate principal amount with Wilmington Trust, National Association, as Trustee at 6.85% per annum maturing June 2047.
  - Instrument: senior notes
  - Principal: $190 million aggregate principal amount
  - Counterparty: Wilmington Trust, National Association, as Trustee
  - Rate: 6.85% per annum
  - Maturity: June 2047
  - Event: incurrence
  source text: issued and sold $190 million aggregate principal amount of 6.85% Senior Secured Notes due 2047
  evidence_url: https://www.sec.gov/Archives/edgar/data/1612720/000143774924003758/0001437749-24-003758-index.htm
- Material Agreements
  NextDecade Corp entered into Indenture with Wilmington Trust, National Association valued at $190 million aggregate principal amount of 6.85% Senior Secured Notes due 2047 (effective 2024-02-09).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Value: $190 million aggregate principal amount of 6.85% Senior Secured Notes due 2047
  - Effective: 2024-02-09
  source text: On February 9, 2024, Rio Grande LNG, LLC, a Texas limited liability company (“ RGLNG ”) and an indirect subsidiary of NextDecade Corporation (“ NextDecade ” or the “ Company ”), issued and sold $190 million aggregate principal amount of 6.85% Senior Secured Notes due 2047 (the “ Notes ”) pursuant to an indenture, dated as of such date, between RGLNG and Wilmington Trust, National Association, as Trustee (the “ Indenture ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1612720/000143774924003758/0001437749-24-003758-index.htm

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