NextDecade Subsidiary Rio Grande LNG Announces Issuance Of $1.115B Senior Secured Notes Due 2047

Note proceeds will be utilized to reduce outstanding borrowings and commitments under existing Rio Grande LNG, LLC term loan facilities

NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) announced today that its subsidiary Rio Grande LNG, LLC (Rio Grande LNG) has issued $1.115 billion of senior secured notes in a private placement. These senior secured notes will accrue interest at a fixed rate of 6.58%. Proceeds from the notes will be used to reduce outstanding borrowings and commitments under Rio Grande LNG's existing term loan facilities for Phase 1 at the Rio Grande LNG Facility.