{"schema_version":"secwatch.filing_event.v1","accession":"0001612720-25-000034","form_type":"8-K","ticker":"NEXT","cik":"0001612720","company_name":"NextDecade Corp","filed_at":"2025-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.921163+00:00","generated_at":"2026-05-16T18:47:53.582371+00:00","sec_items":["1.01","2.03","3.02"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NextDecade subsidiary amends credit agreement; adds $50M Series A loan at 8% exchangeable at $9.50","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001612720-25-000034","json":"https://secwatch.observer/filing/0001612720-25-000034.json","markdown":"https://secwatch.observer/filing/0001612720-25-000034.md","text":"https://secwatch.observer/filing/0001612720-25-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1612720/000161272025000034/0001612720-25-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1612720/000161272025000034/next-20251117.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:47:53.582371+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":"6252b487ee8a91493c0bcbde6abb12e7ea9db41b","claim":"NextDecade Corp amended term loan with Atlantic Park Strategic Capital Master Fund II, L.P. at 13.5% per annum maturing October 16, 2030.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1612720/000161272025000034/0001612720-25-000034-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Counterparty","value":"Atlantic Park Strategic Capital Master Fund II, L.P."},{"label":"Rate","value":"13.5% per annum"},{"label":"Maturity","value":"October 16, 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"c975404292085b49a8aa35499445968250574bce","claim":"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.","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1612720/000161272025000034/0001612720-25-000034-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$50 million"},{"label":"Counterparty","value":"Atlantic Park Strategic Capital Master Fund II, L.P."},{"label":"Rate","value":"8.0% per annum"},{"label":"Maturity","value":"November 17, 2030"},{"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"}