Corpus Christi Holdings Seeks Additional Credit
Cheniere Energy, Inc. subsidiary Cheniere Corpus Christi Holdings, LLC (Corpus Christi Holdings) has engaged several financial institutions to act as Joint Lead Arrangers to structure and upsize its existing approximately $4.6 billion of credit facilities to $6.4 billion. According to the press release, the credit facilities will be used to fund a portion of the costs of developing, constructing, and placing into service three liquefaction trains and related facilities of the Corpus Christi Liquefaction project (CCL Project), and the related pipeline being developed near Corpus Christi, Texas. Cheniere expects to close the amended credit facilities, proceed with a final investment decision for Train 3 of the CCL Project, and issue a notice to proceed to Bechtel Oil, Gas and Chemicals, Inc. for Train 3 in the first half of 2018.