NextDecade closes $1.0B term loan to reduce Rio Grande LNG project debt

Filed June 18, 2026 · Period ending June 17, 2026 · ~1 min read

Key Changes

• high

  Subsidiary closed $1.0B term loan at 7.05% interest, maturing June 2033, with proceeds primarily funding equity contribution to Rio Grande LNG to pay down existing project-level debt—a debt-for-equity recapitalization reducing leverage on the operating facility.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Borrower must maintain debt service coverage ratio of at least 1.05x starting 90 days after project completion; mandatory prepayment at 101% upon change of control, at par from asset sales or casualty proceeds.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Interest paid in-kind (added to principal) for first three years unless borrower elects cash payment, preserving liquidity during facility ramp-up; semi-annual payments begin September 2026.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →