NextDecade, through subsidiary Rio Grande LNG, completed a $3.5 billion offering of senior secured notes across four tranches: $1.0 billion 5.250% due 2031, $500 million 5.500% due 2034, $1.25 billion 5.750% due 2036, and $750 million 6.150% due 2041. The notes were issued under an indenture with Wilmington Trust as trustee and sold under Rule 144A/Reg S. Proceeds will repay a portion of existing borrowings and cover related fees and expenses. The notes are senior secured obligations ranking pari passu with other senior secured debt under the Common Terms Agreement, and include customary covenants, redemption, and repurchase provisions.
Agreement details:
- Agreement type: Senior secured notes indenture and $3.5 billion notes offering (Rule 144A/Reg S)
- Counterparty: Wilmington Trust
- Signed / Effective: Jul 02 2026 / Jul 02 2026
- Duration / Termination: 5 to 15 years (maturing 2031, 2034, 2036, 2041)
- Reason: Refinance borrowings and strengthen liquidity
Original SEC Filing:
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