- NextDecade (NASDAQ:NEXT) on Monday announced its subsidiary Rio Grande LNG has issued $1.115B of senior secured notes in a private placement.
- The senior secured notes will accrue interest at a fixed rate of 6.58%.
- The company said that the net proceeds from the offering will be utilized to reduce outstanding borrowings and commitments under existing Rio Grande LNG, LLC term loan facilities.
- The notes will be amortized over a period of 18 year beginning in September 2029, with final maturity in September 2047.
- Press release.
2024-07-01