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An announcement from NextDecade ( (NEXT) ) is now available.
NextDecade Corporation’s subsidiary, Rio Grande LNG Super Holdings, LLC, has secured a $175 million senior secured loan from General Atlantic Credit’s Atlantic Park Fund. The funds will be used to repay existing debt and support working capital needs, including the development of expansion trains at the Rio Grande LNG Facility. As part of the agreement, NextDecade issued warrants for common stock to the lenders, which may enhance the company’s financial flexibility and stakeholder value.
More about NextDecade
NextDecade Corporation is an energy company focused on advancing towards a net-zero future through innovative and sustainable LNG and carbon capture solutions. It is developing a large LNG export facility in South Texas and a major carbon capture and storage project in North America, partnering with global customers to reduce industrial CO2 emissions.
YTD Price Performance: -0.84%
Average Trading Volume: 1,748,742
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.14B
For a thorough assessment of NEXT stock, go to TipRanks’ Stock Analysis page.
