NextDecade Corp (NEXT): debt financing — NextDecade subsidiary amends credit agreement; adds $50M Series A loan at 8% exchangeable at $9.50

NextDecade Corp

Incremental $50M Series A term loan + recharacterized $50M = $100M at 8%, quarterly PIK optional.
Series A exchangeable into NextDecade common stock at $9.50/share; Tranche A/B warrants extended to 2031, C to 2032.
Series B loans repriced to 13.5% interest, maturity extended to Oct 16, 2030; prepayment premiums from 105% to 100%.
Prepayment offer obligation from Oct 2025 terminated; related party Bardin Hill fund is lender, director Kripalani recused.
General Atlantic gets board nomination right for 2026 annual meeting; Matt Bonanno nominated as director.

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 amended term loan with Atlantic Park Strategic Capital Master Fund II, L.P. at 13.5% per annum maturing October 16, 2030.

Instrument: term loan
Counterparty: Atlantic Park Strategic Capital Master Fund II, L.P.
Rate: 13.5% per annum
Maturity: October 16, 2030
Event: amendment

Exact text from the filing

The A&R Credit Agreement adjusts the maturity date of the Series B Loans to October 16, 2030 and the interest rate in respect thereof to 13.5% per annum.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NextDecade Corp incurred term loan of $50 million with Atlantic Park Strategic Capital Master Fund II, L.P. at 8.0% per annum maturing November 17, 2030.

Instrument: term loan
Principal: $50 million
Counterparty: Atlantic Park Strategic Capital Master Fund II, L.P.
Rate: 8.0% per annum
Maturity: November 17, 2030
Event: incurrence

Exact text from the filing

The A&R Credit Agreement provides, among other things, for an incremental $50 million Series A term loan to Super Holdings and the recharacterization of $50 million of outstanding loan principal under the Original Credit Agreement as a Series A term loan (together, the “ Series A Loans ”).

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

NextDecade Corp filing history →

Source: SEC EDGAR

accession 0001612720-25-000034

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