Funding expectations supported by new debt: Phase 1 HoldCo Borrower $1 billion term loan at 7.05% due June 2033; Phase 1 LLC issued $3.5 billion senior secured notes.
Train 5 financing continues: 6.56% Senior Secured Notes due 2050 issued in $100 million tranches; $350 million outstanding as of July 30.
Rio Grande LNG timeline reaffirmed
NextDecade reaffirmed targets for Rio Grande LNG first gas in 2H 2026, first LNG from Train 1 in 1H 2027; project remains ahead of schedule.
Train 6 outlook: final Environmental Impact Statement due June 25, 2027; timing supports a final investment decision in 2H 2027.
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