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.

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