{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-000454","form_type":"8-K","ticker":"NEXT","cik":"0001612720","company_name":"NextDecade Corp","filed_at":"2025-01-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.190431+00:00","generated_at":"2026-05-28T10:45:21.010560+00:00","sec_items":["1.01","2.03","3.02","7.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NextDecade secures $175M senior secured loan at 12% interest; issues 7.16M warrants to GA Credit","bullets":["$175M term loan entered Dec 31, 2024; matures Dec 2030; interest 12% p.a., quarterly PIK option for first 2 years.","Proceeds repay $50M revolver and $12.5M interest term loan; fund working capital and development of LNG Trains 4 & 5.","7.16M warrants issued to GA Credit: 3.58M exercisable at $7.15/share, 3.58M at $9.30/share; cashless exercise only, 5-year term.","GA Credit appoints Matt Bonanno (General Atlantic) as board observer until loan repaid or warrants exercised.","Registration rights granted for resale of shares underlying warrants; mandatory exercise triggers at certain stock prices."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-000454","json":"https://secwatch.observer/filing/0001628280-25-000454.json","markdown":"https://secwatch.observer/filing/0001628280-25-000454.md","text":"https://secwatch.observer/filing/0001628280-25-000454.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1612720/000162828025000454/0001628280-25-000454-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1612720/000162828025000454/next-20241231.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T10:45:21.010560+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}