NextDecade Secures $1.1B for Rio Grande LNG Debt Payment

NextDecade (NEXT) just unveiled an announcement.

Rio Grande LNG, LLC, an indirect subsidiary of NextDecade Corporation, has successfully issued $1.115 billion in Senior Secured Notes at a 6.58% interest rate, maturing in 2047. The proceeds from this private placement will be used to pay down existing debt of the Rio Grande LNG Facility. These Notes, which are part of a larger financing framework, are subject to specific covenants and conditions, including limitations on additional indebtedness and asset sales. The company has also provided for the option to redeem the Notes before maturity under certain terms.

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