secwatch.observer — SEC 8-K summary
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Issuer:     NextDecade Corp (NEXT)
CIK:        0001612720
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001437749-24-003758
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612720/000143774924003758/0001437749-24-003758-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612720/000143774924003758/next20240209_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-003758

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