Deal Description: Baker Botts advised General Atlantic Credit’s Atlantic Park Fund on a transaction in which it extended a $175 million senior secured loan to a subsidiary of NextDecade Corporation, Rio Grande LNG Super Holdings.

Proceeds from the Senior Loan were disbursed at closing on December 31, 2024, and will be used to repay outstanding borrowings and to fund working capital and general corporate purposes, including development expenses for expansion trains 4 and 5 at the Rio Grande LNG Facility. More details on the transaction can be found in NextDecade’s press release here.

Baker Botts Lawyers/Offices Involved:

• Advisory: Brendan Quigley (Partner; New York)
• Global Projects: Veronica Relea (Partner; New York); John Papaspanos (Partner; New York); Shelby Ward (Associate; New York); Reilly Hobson (Law Clerk; New York)
• Energy Regulatory: Emil Barth (Partner; Washington, D.C.)
• Appellate: Matthew P. Erickson (Associate; Austin)

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.