NextDecade Corporation Issues $190M Senior Secured Notes
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NextDecade Corporation Issues $190M Senior Secured Notes

NextDecade Corporation (NEXT) has released an update.

Rio Grande LNG, LLC, a subsidiary of NextDecade Corporation, has successfully issued $190 million in 6.85% Senior Secured Notes, maturing in 2047. The private placement of these notes, which are not registered under the U.S. Securities Act, has slightly reduced the company’s existing term loan commitments, and interest payments are set to begin in mid-2024. These notes are at parity with other senior secured debts and feature specific covenants that limit the company’s financial activities. Additionally, the company retains the option to redeem these notes at specified prices, subject to certain terms and agreements.

For further insights into NEXT stock, check out TipRanks’ Stock Analysis page.

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