secwatch.observer — SEC 8-K summary
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Issuer:     NextDecade Corp (NEXT)
CIK:        0001612720
Form:       8-K
Filed at:   2025-10-16T23:59:59+00:00
Accession:  0001612720-25-000021
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NextDecade closes $5.7B+ financing for Rio Grande LNG Train 5
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612720/000161272025000021/0001612720-25-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612720/000161272025000021/next-20251013.htm
  HTML page:      https://secwatch.observer/filing/0001612720-25-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer