NextDecade reaches FID on Train 4, secures $3.847B construction loan and JV partners

NextDecade Corp

FID for Train 4 of Rio Grande LNG; secured $3.847B T4 Credit Agreement for construction.
FinCo Facility $734M (LC sublimit $621M) and Super FinCo $600M term loan at 13% fixed rate.
JV: NextDecade holds 40% equity in Train 4 JVCo (up to 60% after return thresholds); TotalEnergies and GIP partners; $2.83B total equity.
Remand Satisfaction Date expected on or before October 28, 2025, for FinCo Facility availability.
RG4 paid ND LLC $98M for development cost reimbursement ($48M) and services fee ($50M).

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