Every material Form 8-K NextDecade Corp has filed with the SEC since June 18, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
NextDecade Corporation disclosed that director Giovanni Oddo resigned from its Board of Directors, effective immediately, by letter dated September 29, 2026. Mr. Oddo said the resignation was not due to any disagreement with the company on its operations, policies or practices. Under the Purchaser Rights Agreement, NIC, an affiliate of Mubadala Investment Company, may designate a replacement.
Resignation letter received September 29, 2026; effective immediately
Mr. Oddo was first appointed to the board in May 2022 under the Purchaser Rights Agreement dated October 28, 2019
Resignation not due to any disagreement on operations, policies or practices, per Mr. Oddo
NIC, an affiliate of Mubadala Investment Company, has the right to name a replacement director
On July 2, 2026, NextDecade's indirect subsidiary Rio Grande LNG, LLC completed a $3.5 billion offering of senior secured notes across four tranches maturing from 2031 to 2041. The company said it will use the net proceeds to repay part of its existing credit agreement borrowings and pay related fees and expenses, which adds long-term secured debt to the group's balance sheet.
Four tranches: $1,000 million at 5.250% due 2031, $500 million at 5.500% due 2034, $1,250 million at 5.750% due 2036, and $750 million at 6.150% due 2041.
Net proceeds are intended to repay a portion of outstanding borrowings under existing credit agreements and pay related fees and expenses.
Interest is paid semi-annually in cash; the first payment for the 2031, 2036 and 2041 notes is due December 30, 2026, and for the 2034 notes January 30, 2027.
Notes were sold only to qualified institutional buyers and non-U.S. investors, and have not been registered under the Securities Act; Wilmington Trust, National Association is trustee.
NextDecade's indirect subsidiary RGLNG HoldCo Borrower signed a $1.0 billion term loan credit agreement on June 17, 2026, with Wilmington Trust, National Association, as administrative and collateral agent. The company said the proceeds will mainly fund an equity contribution to Rio Grande LNG, LLC, which will use it to reduce its credit facility borrowings. The new debt sits at the holding-company level, is secured by the borrower's assets, and carries covenants shareholders may want to track.
$1.0 billion term loan matures June 17, 2033, with interest at 7.05% per year.
Proceeds mainly fund an equity contribution to RGLNG to reduce its credit facility borrowings, plus fees, expenses and general and administrative costs.
Interest is paid in kind until the first interest payment date after the third anniversary of the closing date, unless the borrower elects cash payment.
Covenants include a debt service coverage ratio of at least 1.05:1.00 each fiscal quarter, and mandatory prepayment at 101% upon a change of control.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every NextDecade Corp filing is on SEC EDGAR ↗. 8-K briefs of other companies →