NextDecade Corporation secured a $175 million senior secured loan from General Atlantic Credit to refinance existing debt and fund the development of its LNG facility expansion.
Information on the Target
NextDecade Corporation, a prominent energy firm, has announced that its wholly owned subsidiary, Rio Grande LNG Super Holdings, LLC, has secured a $175 million senior secured loan from General Atlantic Credit’s Atlantic Park Fund. This financial agreement was finalized on December 31, 2024, intending to address several aspects of the company’s financial strategy.
The proceeds from the loan will be primarily utilized to repay existing debts, including a $50 million revolving credit facility and a $12.5 million interest term loan, along with supporting working capital and corporate endeavors, particularly in relation to the development of expansion trains 4 and 5 at the Rio Grande LNG Facility.
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Industry Overview in the Target's Specific Country
The LNG sector in the United States has seen substantial growth, driven by increased domestic production and global demand for cleaner energy alternatives. Texas, in particula
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General Atlantic Credit
invested in
NextDecade Corporation
in 2025
in a Venture Debt deal
Disclosed details
Transaction Size: $175M