secwatch.observer — SEC 8-K summary
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Issuer:     NextDecade Corp (NEXT)
CIK:        0001612720
Form:       8-K
Filed at:   2026-06-18T20:34:22+00:00
Accession:  0001612720-26-000039
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612720/000161272026000039/0001612720-26-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612720/000161272026000039/next-20260617.htm
  HTML page:      https://secwatch.observer/filing/0001612720-26-000039

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