{"schema_version":"secwatch.filing_event.v1","accession":"0001612720-25-000021","form_type":"8-K","ticker":"NEXT","cik":"0001612720","company_name":"NextDecade Corp","filed_at":"2025-10-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.920923+00:00","generated_at":"2026-05-17T03:33:12.614815+00:00","sec_items":["1.01","2.03","5.02","7.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NextDecade closes $5.7B+ financing for Rio Grande LNG Train 5","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001612720-25-000021","json":"https://secwatch.observer/filing/0001612720-25-000021.json","markdown":"https://secwatch.observer/filing/0001612720-25-000021.md","text":"https://secwatch.observer/filing/0001612720-25-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1612720/000161272025000021/0001612720-25-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1612720/000161272025000021/next-20251013.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:33:12.614815+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"919d287d7157b836a5db3f84c1bc12521fa991f0","claim":"NextDecade Corp incurred credit facility of up to $3.589 billion with MUFG Bank, Ltd..","evidence_excerpt":"The T5 Credit Agreement provides for a construction/term loan facility (the “T5 Construction/Term Loans”) in an amount up to $3.589 billion","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1612720/000161272025000021/0001612720-25-000021-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to $3.589 billion"},{"label":"Counterparty","value":"MUFG Bank, Ltd."},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}