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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
MUFG Bank Provides $50MM Revolver and $12.5MM Term Loan to NextDecade
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Lenders/Participants
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MUFG [Lender, Administrative Agent]
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Structure
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$50MM Revolver and $12.5MM Term Loan
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Amount
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$62.500
Million
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Borrower(s)
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NextDecade Corporation
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Description
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Borrowings under the Revolving Credit Facility may be utilized for general corporate purposes, including development costs related to Train 4 at the Rio Grande LNG facility. Borrowings under the Interest Term Loan may be utilized to pay interest expense, fees, and other expenses related to the Revolving Credit Facility. Borrowings under the Revolving Credit Facility and Interest Term Loan will bear interest at SOFR or the base rate plus an applicable margin as defined in the credit agreement. The Revolving Credit Facility and the Interest Term Loan mature at the earlier of two years from the closing date or 10 business days after a positive Final Investment Decision (FID) on Train 4 at the Rio Grande LNG facility. NextDecade expects the Revolving Credit Facility to provide meaningful liquidity and capital resources as the Company progresses toward a positive FID of Train 4.
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Industry
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Energy
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Location
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TX
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| Related Tags |
MUFG Bank
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ABL Advisor
Deal Tables
2024
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