Cheniere Engages Financial Institutions to Assist in Arranging Sabine Pass LNG Credit Facilities
Posted on May 23, 2013 in Federal Regulation, LNG Exports | Comments Off on Cheniere Engages Financial Institutions to Assist in Arranging Sabine Pass LNG Credit Facilities
Cheniere Energy Partners, L.P. (Cheniere) announced today that its wholly owned subsidiary, Sabine Pass Liquefaction, LLC, has engaged 17 financial institutions to act as Joint Lead Arrangers to assist in the structuring and arranging of credit facilities to fund the remaining debt needed for the first four trains of the Sabine Pass LNG export terminal and for general business purposes. Cheniere states that obtaining debt financing is one of the last steps to complete before proceeding with construction of Trains 3 and 4 of the liquefaction project. Closing of the credit facilities and issuing a notice to proceed to Bechtel Oil, Gas and Chemicals, Inc. for Trains 3 and 4 is expected to occur within the upcoming weeks.