NextDecade Corporation announced that it has issued 6.85% Senior Secured Notes due 2047 for aggregate gross proceeds of $190,000,000 on February 9, 2024. The Notes will be amortized over a period of approximately 18 years beginning in mid-2029, with a final maturity in June 2047, and will accrue interest from February 9, 2024. The notes carry fixed rate of interest of 6.85% payable semi-annually in arrears on June 30 and December 30 of each year, beginning from June 30, 2024.

The notes will mature in 2047. The company is entitled to redeem the notes in whole or in part on or after March 30, 2027 and to redeem the notes at any time in whole upon certain other events at a redemption price equal to 100% of the outstanding principal amount of the notes. The Notes were issued in a private placement in reliance on Section 4(a)(2) of the Securities Act.