NextDecade subsidiary enters $1.0B term loan at 7.05% to reduce project debt

NextDecade Corp

Subsidiary RGLNG HoldCo Borrower borrowed $1.0B at 7.05% per annum, maturing June 17, 2033.
Interest payable semi-annually; PIK option for first three years; call protection until June 2029.
Proceeds used for equity contribution to RGLNG to reduce borrowings under project credit facilities.
Loan requires debt service coverage ratio of at least 1.05:1.00; secured by equity interests in borrower.
Pledge and intercreditor agreements executed; mandatory prepayment at 101% upon change of control.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NextDecade Corp entered into Credit Agreement with Wilmington Trust, National Association, as the administrative agent and the collateral agent, and the lenders party thereto valued at $1.0 billion (effective 2026-06-17).

Action: entry
Agreement: credit facility
Counterparty: Wilmington Trust, National Association, as the administrative agent and the collateral agent, and the lenders party thereto
Value: $1.0 billion
Effective: 2026-06-17

Exact text from the filing

On June 17, 2026 (the “ Closing Date ”), Rio Grande LNG Intermediate HoldCo Borrower, LLC, a Delaware limited liability company (“ RGLNG HoldCo Borrower ”) and an indirect subsidiary of NextDecade Corporation (“ NextDecade ” or the “ Company ”) entered into a Credit Agreement (the “ Credit Agreement ”) by and among RGLNG HoldCo Borrower, as borrower, Wilmington Trust, National Association, as the administrative agent and the collateral agent (the “ Administrative Agent ” or “ Collateral Agent ”, as applicable), and the lenders party thereto (the “ HoldCo Lenders ”).

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Source: SEC EDGAR

accession 0001612720-26-000039

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