Cheniere lines up arrangers for USD 11.5 bln Corpus Christi debt facilities

Cheniere lines up arrangers for USD 11.5 bln Corpus Christi debt facilities

LNG player Cheniere Energy said that it has engaged 18 financial institutions to act as Joint Lead Arrangers to assist in the structuring and arranging of up to $11.5 billion of debt facilities. 

The proceeds will be used to pay for the costs of development and construction of the LNG export facility and related pipeline being developed near Corpus Christi, Texas and for general business purposes., the company said in a statement.

Estimated capital costs for the proposed liquefaction project of $11.5 billion to $12.0 billion, before financing and pipeline facilities, are expected to be funded from a combination of debt and equity financings.

The Arrangers are Bank of America, BNP Paribas Securities, Credit Suisse, Goldman Sachs, HSBC, ING Capital, Intesa Sanpaolo, JPMorgan Chase, Lloyds Bank, Mizuho Bank, Morgan Stanley, Royal Bank of Canada, The Bank of Nova Scotia, Société Générale, Sumitomo Mitsui Banking Corporation, Commonwealth Bank of Australia, Standard Chartered Bank, and The Bank of Tokyo-Mitsubishi UFJ.

“Our core banking group for the Corpus Christi Liquefaction Project consists of a strong group of financial institutions and we look forward to our continued relationships with these banks, the majority of which participated in our Sabine Pass liquefaction project. We have now received the equity and debt commitments needed to support the financing of the Corpus Christi Liquefaction Project,” said Charif Souki, Chairman and CEO.  “We are continuing to make progress on our Corpus Christi liquefaction project and expect to commence construction in early 2015.”

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 >