---
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"
generated_at: "2026-06-18T20:40:58.509112+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001612720-26-000039
- JSON: https://secwatch.observer/filing/0001612720-26-000039.json
- Plain text: https://secwatch.observer/filing/0001612720-26-000039.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1612720/000161272026000039/0001612720-26-000039-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.