Financing | Eversheds Sutherland LNG Law Blog Financing | Eversheds Sutherland LNG Law Blog
Eversheds Sutherland LNG Law Blog
content top

NextDecade Sells $50 Million in Convertible Stock

NextDecade Corporation (NextDecade) announced that it has agreed to sell $50 million of convertible preferred stock: $35 million worth to HGC NEXT INV, LLC and $15 million worth to funds and accounts managed by each of York Capital Management Global Advisors, LLC and its affiliates, Valinor Management, L.P., and Halcyon Capital Management LP.  According to the press release, NextDecade...

Woodside Petroleum Backs Out of Port Arthur LNG Project

Bloomberg reports that Woodside Petroleum Ltd. has announced that it will not participate in the development of Sempra Energy’s proposed Port Arthur LNG liquefaction facility and export terminal in Port Arthur, Texas. Woodside Chief Executive Officer Peter Coleman is quoted as saying, “[i]t got to a point where it got below our investment returns and we said we need to put our money...

LNG Limited Raises A$28.2 Million For Magnolia LNG Offtake Marketing Efforts

Australian company Liquefied Natural Gas Limited (LNGL) has announced that it has entered into a binding subscription agreement with IDG Energy Investment Group Limited for a Share Placement which will raise gross proceeds of A$28.2 million. According to the press release, following the close of the Share Placement, IDG Energy Investment will hold a 9.9% interest in LNGL. Net proceeds...

Petronas Buys 25% Share of LNG Canada Project

LNG Canada has announced that Malaysia’s state-owned oil and gas company Petronas, through its wholly-owned entity, the North Montney LNG Limited Partnership, is buying a 25% share in LNG Canada’s proposed LNG export project at Kitimat, British Columbia.  Once the deal is completed, LNG Canada’s ownership interests will be Shell at 40%, Petronas at 25%, PetroChina at 15%, Diamond LNG...

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,...

Exelon Generation to Acquire Everett LNG Import Terminal

Exelon Generation announced an agreement to purchase ENGIE North America’s Everett Marine Terminal, also known as the Distrigas Terminal, an LNG import terminal located in Boston, Mass.  According to the press release, the purchase is meant to ensure the continued reliable supply of fuel to Exelon Generations’ Mystic Units 8 and 9 while they remain operating.  Transaction closure is...

« Older Entries