Cheniere finalizes USD 1.5 bln equity investment for Corpus Christi with EIG

Cheniere finalizes USD 1.5 bln equity investment for Corpus Christi with EIG

Houston-based LNG player Cheniere said that it has entered into a note purchase agreement with EIG Management Company.

The companies finalized the definitive documentation for the previously announced financing under which investment funds managed by EIG will purchase $1.5 billion of convertible notes.

Proceeds from the financing will be used as equity to fund a portion of the costs of developing, constructing and placing into service the Corpus Christi Liquefaction Project, which is being designed for up to three liquefaction trains with an expected aggregate annual production capacity of approximately 13.5 mtpa.  The financing is scheduled to close once Cheniere reaches a positive final investment decision on the liquefaction project, expected in the first half of 2015.

All financing commitments have been obtained for the liquefaction project, including a portion of the proceeds from $1 billion of convertible notes issued by Cheniere Energy in November 2014 and the recently revealed approximately $11.5 billion of debt commitments received from several financial institutions in December 2014.

Press Release; Image: Cheniere

Share this article

Follow LNG World News

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >