NextDecade Secures $50 Million Loan for Expansion

NextDecade ( (NEXT) ) just unveiled an announcement.

On May 14, 2025, NextDecade‘s subsidiary, Rio Grande LNG Super Holdings, LLC, amended its Credit Agreement to secure an additional $50 million term loan for corporate purposes, including the development of liquefaction trains at the Rio Grande LNG Facility in Texas. This financial move, involving Bardin Hill Investment Partners as one of the lenders, aims to bolster NextDecade’s operational capabilities and market positioning. Additionally, NextDecade issued common stock purchase warrants to the lenders, exercisable at a premium, with provisions for anti-dilution protection and registration rights, reflecting strategic financial planning to support its growth initiatives.

The most recent analyst rating on (NEXT) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on NextDecade stock, see the NEXT Stock Forecast page.

More about NextDecade

NextDecade Corporation operates in the energy industry, focusing on the development of liquefied natural gas (LNG) export projects. Its primary services include the construction and operation of LNG facilities, with a market focus on natural gas liquefaction and export.

Average Trading Volume: 1,834,575

Technical Sentiment Signal: Strong Buy

Current Market Cap: $2.17B

See more data about NEXT stock on TipRanks’ Stock Analysis page.