{"schema_version":"secwatch.filing_event.v1","accession":"0001612720-26-000039","form_type":"8-K","ticker":"NEXT","cik":"0001612720","company_name":"NextDecade Corp","filed_at":"2026-06-18T20:34:22+00:00","discovered_at":"2026-06-18T20:35:00.285967+00:00","generated_at":"2026-06-18T20:40:58.509112+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"NextDecade subsidiary enters $1.0B term loan at 7.05% to reduce project debt","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001612720-26-000039","json":"https://secwatch.observer/filing/0001612720-26-000039.json","markdown":"https://secwatch.observer/filing/0001612720-26-000039.md","text":"https://secwatch.observer/filing/0001612720-26-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1612720/000161272026000039/0001612720-26-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1612720/000161272026000039/next-20260617.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T20:40:58.509112+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":"220882073a50ab9e4d6a1517aa1d8a57dbeb68fe","claim":"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).","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1612720/000161272026000039/0001612720-26-000039-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wilmington Trust, National Association, as the administrative agent and the collateral agent, and the lenders party thereto"},{"label":"Value","value":"$1.0 billion"},{"label":"Effective","value":"2026-06-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}