NextDecade Corporation Announces Pricing of $3.50 Billion Rio Grande LNG, LLC Senior Secured Notes
NextDecade Corporation (“NextDecade”) (NASDAQ: NEXT) announced today that its partially-owned subsidiary, Rio Grande LNG, LLC (“RGLNG”) has sized and priced its previously announced offering of senior secured notes (the “Senior Secured Notes”). RGLNG will issue $1.0 billion senior secured notes due 2031 (the “2031 Notes”), $500.0 million senior secured notes due 2034 (the “2034 Notes”), $1.25 billion senior secured notes due 2036 (the “2036 Notes”) and $750.0 million senior secured notes due 2041 (the “2041 Notes” and, together with the 2031 Notes, 2034 Notes and 2036 Notes, the “Senior Secured Notes”). The 2031 Notes were priced at 99.918% of par, bear an interest rate of 5.250% and will mature on June 30, 2031. The 2034 Notes were priced at 99.877% of par, bear an interest rate of 5.500% and will mature on January 30, 2034. The 2036 Notes were priced at par, bear an interest rate of 5.750% and will mature on June 30, 2036. The 2041 Notes were priced at par, bear an interest rate of 6.150% and will mature on June 30, 2041. The closing of the offering is expected to occur on July 2, 2026, subject to customary closing conditions.
