NextDecade unit enters $1.0 billion term loan maturing June 17, 2033 at 7.05%
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.
Key points
- $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.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 18, 2026.
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.