NextDecade Corp (NEXT): debt financing — NextDecade closes $5.7B+ financing for Rio Grande LNG Train 5

NextDecade Corp

RG5 secured $3.589B construction/term loan and $500M 6.56% senior secured notes due 2050.
FinCo facility upsized to $1.463B to fund equity contributions for Trains 4 and 5.
Super FinCo gets additional $600M Series B loan at 13% fixed, total SF loan $1.2B.
FERC remand satisfaction expected on or around Oct 29, 2025, enabling FinCo facility availability.
Train 5 JV agreement with GIP V Velocity Aggregator finalized.

item 1.01 item 2.03 item 5.02 item 7.01 item 8.01 item 9.01

Key facts

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 $3.589 billion with MUFG Bank, Ltd..

Instrument: credit facility
Principal: up to $3.589 billion
Counterparty: MUFG Bank, Ltd.
Event: incurrence

Exact text from the filing

The T5 Credit Agreement provides for a construction/term loan facility (the “T5 Construction/Term Loans”) in an amount up to $3.589 billion

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104 debt financings filed in the last 30 days. Browse all debt financings →

NextDecade Corp filing history →

Source: SEC EDGAR

accession 0001612720-25-000021

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