HOUSTON – (BUSINESS WIRE) – March 18, 2021 –

NextDecade Company (NextDecade or the Firm) (NASDAQ: NEXT) introduced at this time that it has agreed to promote $ 24.5 million of Collection C Convertible Most well-liked Shares (Collection C Most well-liked Shares). The Collection C Most well-liked Shares are issued by way of a personal placement in funds managed by York Capital Administration, Avenue Capital Group and Bardin Hill Funding Companions. NextDecade intends to make use of the proceeds to finalize the industrial agreements obligatory to succeed in a closing funding choice on Rio Grande LNG in 2021, to advance the work of its NEXT Carbon Options enterprise, together with the event of the ‘one of many largest carbon seize and storage (CCS) initiatives within the North. America to cut back greenhouse gasoline emissions from Rio Grande LNG and for normal company functions

“NextDecade is happy to strengthen its stability sheet with further growth capital from present and new institutional buyers as we transfer in the direction of an anticipated FID at Rio Grande LNG in 2021,” stated Matt Schatzman, President and CEO of NextDecade. “This improve in privileged capital coincides with the formation of NEXT Carbon Options and confirms NextDecade’s management in efforts to cut back world greenhouse gasoline emissions. This capital will facilitate the development and realization of the transformative and impactful contributions NEXT Carbon Options hopes to make to the worldwide power business and the search for a internet zero future.

The providing and sale of the Collection C Most well-liked Shares has not been and won’t be registered underneath the Securities Act of 1933 (Securities Act) or every other securities legislation, and the Collection Most well-liked Shares C might solely be provided or bought in reliance on an exemption from, or in a transaction not topic to, the registration necessities of the Securities Act and every other relevant securities legislation. This press launch doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase, and there will probably be no sale of such securities, in any state or jurisdiction through which such a suggestion, solicitation or sale of such securities can be unlawful earlier than registration or qualification underneath the securities legal guidelines of any of those states or jurisdictions.

About NextDecade Company

NextDecade Company (NextDecade) is dedicated to offering the world with entry to cleaner power. NextDecade, by way of its wholly-owned Rio Grande LNG and NEXT Carbon Options subsidiaries, is creating a 27 mtpa LNG export facility in South Texas, in addition to one of many largest seize and storage initiatives of carbon in North America. The Rio Grande LNG facility is anticipated to be the most important and greenest US LNG export answer connecting pure gasoline Permian Basin and Eagle Ford Shale to the worldwide LNG market. The frequent shares of NextDecade are listed on the Nasdaq Inventory Market underneath the image “NEXT”. NextDecade is headquartered in Houston, Texas. For extra info go to www.next-decade.com.

NextDecade Ahead-looking info

This press launch comprises forward-looking statements inside the which means of United States federal securities legal guidelines, together with, particularly, statements concerning the non-public placement of Collection C most popular shares by the Firm and the usage of the proceeds thereof. this. The phrases “anticipate”, “think about”, “estimate”, “count on”, “plan”, “plan”, “intend”, “consider”, “can”, “might”, “will” , “Would”, “might”, “ought to”, “might have”, “seemingly”, “proceed”, “conceive” and different phrases and phrases of comparable expressions are supposed to determine forward-looking statements, and these statements might relate to the actions of NextDecade and its subsidiaries. These statements are based mostly on NextDecade’s present assumptions, expectations and projections concerning future occasions and developments and contain plenty of recognized and unknown dangers, which can trigger precise outcomes to vary materially from the expectations expressed or implied within the statements. forward-looking statements. These dangers embody uncertainties in regards to the progress within the growth of NextDecade’s LNG liquefaction and export initiatives and the timing of such progress; NextDecade’s closing funding choice (“FID”) within the development and operation of an LNG terminal on the Port of Brownsville in South Texas (the “Terminal”) and the timing of such choice; the profitable completion of the terminal by third occasion contractors and an roughly 137 mile pipeline to provide gasoline to the terminal underneath growth by a 3rd occasion; the power of NextDecade to safe further debt and fairness financing sooner or later to finish the terminal; the accuracy of the estimated prices for the terminal; statements that the Terminal, when accomplished, may have sure traits, together with portions of liquefaction capability; growth dangers, operational hazards, regulatory approvals relevant to development and operation actions of the terminal and third occasion pipeline; NextDecade’s anticipated aggressive benefit and technological innovation that might render its anticipated aggressive benefit out of date; world demand and value of pure gasoline (relative to the worth of imported LNG); the supply of LNG ships all over the world; modifications in legal guidelines and laws referring to the LNG business, together with environmental legal guidelines and laws that impose important prices and compliance obligations; The flexibility of NextDecade to develop and implement carbon seize and storage or related know-how to cut back the terminal’s anticipated carbon emissions; the 2019 novel coronavirus pandemic and its affect on NextDecade’s enterprise and working outcomes, together with any disruption to NextDecade’s operations or terminal growth and the well being and security of NextDecade workers, in addition to NextDecade clients, the worldwide financial system and the demand for LNG; dangers related to doing enterprise and having counterparties in overseas international locations; The flexibility of NextDecade to keep up the itemizing of its securities on a inventory change or a list medium; modifications negatively affecting the exercise through which NextDecade is engaged; progress administration; normal financial circumstances; The flexibility of NextDecade to generate money; compliance with environmental legal guidelines and laws; the result of future fundraising efforts and customary tax incentive calls for; and different issues mentioned within the “Threat Components” part of NextDecade’s annual report on Type 10-Okay for the fiscal 12 months ended December 31, 2019 and in different subsequent experiences filed with the Securities and Change Fee, that are all included herein by reference. As well as, any growth of the terminal stays topic to concluding the required industrial agreements, acquiring all obligatory permits and approvals, securing all funding commitments and potential tax incentives, reaching different traditional circumstances and the ultimate funding choice to proceed. The forward-looking statements contained on this press launch converse as of the date of this press launch. Though NextDecade believes that the expectations mirrored in these forward-looking statements are cheap, it can provide no assurance that the expectations will show to be right. NextDecade might once in a while voluntarily replace its prior forward-looking statements, nevertheless, it disclaims any dedication to take action, besides as required by securities legal guidelines.

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CONTACT: Patrick Hughes

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+1 (832) 209-8131



SOURCE: NextDecade Company

Copyright Enterprise Wire 2021.

PUB: 03/18/2021 07:00 / DISC: 03/18/2021 07:00


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