Financing ·
On June 17, 2026, Rio Grande LNG Intermediate HoldCo Borrower, LLC, an indirect subsidiary of NextDecade Corporation…
NEXTNextDecade Corp
On June 17, 2026, Rio Grande LNG Intermediate HoldCo Borrower, LLC, an indirect subsidiary of NextDecade Corporation, entered into a $1.0 billion term loan facility agreement. The loan, which matures on June 17, 2033, carries an interest rate of 7.05% per annum, payable semi-annually starting September 30, 2026. Proceeds will primarily fund an equity contribution to Rio Grande LNG to reduce existing borrowings, alongside paying transaction fees and general administrative expenses. Interest will be paid in-kind for the first three years unless the borrower elects cash payments. The agreement includes customary covenants and requires maintaining a debt service coverage ratio of at least 1.05:1.00. NextDecade Corporation is an energy company focused on liquefied natural gas production.