NextDecade's Rio Grande LNG unit completes $3.5 billion senior secured notes offering
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.
Key points
- 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.
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 July 02, 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.