{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-041869","form_type":"8-K","ticker":"NEXT","cik":"0001612720","company_name":"NextDecade Corp","filed_at":"2025-09-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.485134+00:00","generated_at":"2026-05-17T07:00:33.162001+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"NextDecade reaches FID on Train 4, secures $3.847B construction loan and JV partners","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-041869","json":"https://secwatch.observer/filing/0001628280-25-041869.json","markdown":"https://secwatch.observer/filing/0001628280-25-041869.md","text":"https://secwatch.observer/filing/0001628280-25-041869.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1612720/000162828025041869/0001628280-25-041869-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1612720/000162828025041869/next-20250909.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T07:00:33.162001+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"}