NextDecade Corp. Secures Major Financing for Rio Grande LNG

Ticker: NEXT · Form: 8-K · Filed: 2025-05-15T00:00:00.000Z

Sentiment: bullish

Topics: financing, lng, project-development

TL;DR

NextDecade just locked down a big financing deal for its Rio Grande LNG project. Big move.

AI Summary

On May 14, 2025, NextDecade Corporation entered into a Material Definitive Agreement, specifically a financing agreement related to its Rio Grande LNG project. This agreement creates a direct financial obligation for the company, impacting its balance sheet and future financial commitments. The filing details the terms and conditions of this significant financial arrangement.

Why It Matters

This filing indicates NextDecade has secured crucial funding for its Rio Grande LNG project, a significant step towards project development and potential future revenue generation.

Risk Assessment

Risk Level: medium — The company is entering into a significant financial obligation, which carries inherent risks related to project execution, market conditions, and repayment capabilities.

Key Players & Entities

FAQ

What specific type of Material Definitive Agreement was entered into by NextDecade Corporation?

The filing indicates the agreement is a financing agreement related to the Rio Grande LNG project.

What is the accession number for this 8-K filing?

The accession number is 0001628280-25-025967.

When was the earliest event reported in this filing?

The earliest event reported was on May 14, 2025.

What is NextDecade Corporation's principal executive office address?

The principal executive office is located at 1000 Louisiana Street, Suite 3300, Houston, Texas 77002.

What is the SIC code for NextDecade Corporation?

The Standard Industrial Classification code is 4923, for NATURAL GAS TRANSMISSION & DISTRIBUTION.

From the Filing

0001628280-25-025967.txt : 20250515 0001628280-25-025967.hdr.sgml : 20250515 20250515162326 ACCESSION NUMBER: 0001628280-25-025967 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250514 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20250515 DATE AS OF CHANGE: 20250515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NextDecade Corp. CENTRAL INDEX KEY: 0001612720 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] ORGANIZATION NAME: 01 Energy & Transportation EIN: 465723951 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36842 FILM NUMBER: 25953787 BUSINESS ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3900 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135741880 MAIL ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3900 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: Harmony Merger Corp. DATE OF NAME CHANGE: 20140703 8-K 1 next-20250514.htm 8-K next-20250514 FALSE 0001612720 0001612720 2024-06-03 2024-06-03 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 14, 2025 NEXTDECADE CORPORATION (Exact Name of Registrant as Specified in Charter) Delaware 001-36842 46-5723951 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 1000 Louisiana Street , Suite 3300 Houston , Texas 77002 (Address of principal executive offices) (Zip code) Registrant’s telephone number, including area code: ( 713 ) 574-1880 (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class: Trading Symbol Name of each exchange on which registered: Common Stock, $0.0001 par value NEXT The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 1.01    Entry into a Material Definitive Agreement. Credit Agreement Amendment On May 14, 2025 (the “ Subsequent Closing Date ”), Rio Grande LNG Super Holdings, LLC, a Delaware limited liability company (“ Super Holdings ”) and an indirect subsidiary of NextDecade Corporation (the “ Company ” or “ NEXT ”), entered into an amendment (the “ Amendment ”) to the Credit Agreement (the “ Credit Agreement ”), by and among Super Holdings, as borrower, Atlantic Park Strategic Capital Master Fund II, L.P., as the administrative agent and collateral agent (the “ Administrative Agent ”

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