secwatch.observer — SEC 8-K summary
======================================

Issuer:     NextDecade Corp (NEXT)
CIK:        0001612720
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001628280-24-030547
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NextDecade subsidiary Rio Grande LNG issues $1.115B 6.58% senior secured notes due 2047
--------------------------------------------------------------------------------

- $1.115 billion aggregate principal amount of 6.580% Senior Secured Notes due 2047 issued by Rio Grande LNG, LLC.
- Proceeds used to reduce outstanding borrowings and commitments under existing Phase 1 term loan facilities.
- Notes amortize over 18 years beginning Sept 2029, maturing Sept 2047; interest payable semi-annually.
- Notes rank pari passu with existing senior secured financings under Common Terms Agreement.
- Company has now refinanced over $1.85B of original $11.1B term loan facilities since July 2023 FID.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612720/000162828024030547/0001628280-24-030547-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612720/000162828024030547/next-20240628.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-030547

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer