10 Firms Shine Amid Wall Street’s Lackluster Trading

4. Nextdecade Corp. (NASDAQ:NEXT)

LNG development company Nextdecade Corp. (NEXT) saw its share prices rally on a third day, ending Thursday up by 11.6 percent at $9.04 apiece after the company raised $175 million in fresh funds for its mega LNG project in Texas.

Nextdecade, through its subsidiary Rio Grande LNG Super Holdings, recently entered into a credit agreement with General Atlantic Credit’s Atlantic Park Fund to raise finances for two trains at the LNG export terminal under construction at the Port of Brownsville, Texas.

Part of the proceeds will also be used to repay outstanding borrowings under the $50 million revolving credit facility and $12.5 million interest-term loan made a year ago with MUFG Bank.

The remaining funds will also be used for working capital and general corporate purposes, including development expenses for the expansion of trains 4 and 5 at the Rio Grande LNG facility.