Cheniere secures $750 million loan

Cheniere secures $750 million loan
Aerial view of Corpus Christi plant site

U.S. LNG export player Cheniere Energy said it has secured another US$750 million through a four-year revolving credit facility with nine financial institutions. 

The company intends to use the credit facility to fund equity capital contributions to Cheniere CCH HoldCo II, a unit of Cheniere, and for general corporate purposes.

Cheniere CCH HoldCo II holds equity through its subsidiary in the Corpus Christi Liquefaction project entities.

The construction of Cheniere’s second LNG export project near Corpus Christi, Texas, has reached 49.2 percent completion, ahead of contractual schedule.

The facility will have three liquefaction trains with a nominal capacity of 4. mtpa of LNG each. The completion of the two trains is expected in 2019.

The nine financial institutions participating in the credit facilities are Bank of America, Credit Suisse, Goldman Sachs Bank USA, HSBC Bank USA, Mizuho Bank, Morgan Stanley Senior Funding, Royal Bank of Canada, Societe Generale and Sumitomo Mitsui Banking Corporation.

 

LNG World News Staff

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Posted on March 3, 2017 with tags .

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