Cheniere Engages Joint Lead Arrangers to Arrange Debt Financing for the Corpus Christi Liquefaction Project
April 20 2018 - 8:30AM
Business Wire
Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG)
announced today that its wholly owned subsidiary Cheniere Corpus
Christi Holdings, LLC (“Corpus Christi Holdings”) has engaged
financial institutions to act as Joint Lead Arrangers (“Arrangers”)
to assist in the structuring and arranging of up to $6.4 billion of
credit facilities. Corpus Christi Holdings will amend and upsize
its existing approximately $4.6 billion of credit facilities to
increase the available commitments. The amended 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 and for related business purposes.
The Arrangers include ABN Amro Capital USA LLC, Bank of America,
N.A., Bank of China, New York Branch, The Bank of Nova Scotia,
Houston Branch, Banco Bilbao Vizcaya Argentaria, S.A. New York
Branch, China Merchants Bank Co. Ltd., New York Branch, Citibank,
N.A., Commonwealth Bank of Australia, Credit Suisse, DBS Bank Ltd.,
Goldman Sachs Bank USA, HSBC Bank USA, National Association,
Industrial and Commercial Bank of China Limited, New York Branch,
ING Capital LLC, Intesa Sanpaolo S.p.A., New York Branch, JPMorgan
Chase Bank, N.A., Lloyds Bank plc, Mizuho Bank, Ltd., Morgan
Stanley Senior Funding, Inc., MUFG Bank, Ltd., RBC Capital Markets,
Santander Bank N.A., Société Générale, Standard Chartered Bank,
Sumitomo Mitsui Banking Corporation, and others.
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.
About Cheniere
Cheniere Energy, Inc., a Houston-based energy company primarily
engaged in LNG-related businesses, owns and operates the Sabine
Pass LNG terminal in Louisiana. Directly and through its
subsidiary, Cheniere Energy Partners, L.P., Cheniere is developing,
constructing, and operating liquefaction projects near Corpus
Christi, Texas and at the Sabine Pass LNG terminal, respectively.
Cheniere is also exploring a limited number of opportunities
directly related to its existing LNG business.
For additional information, please refer to the Cheniere website
at www.cheniere.com and Annual Report on Form 10-K for the fiscal
year ended December 31, 2017, filed with the Securities and
Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include
“forward-looking statements” within the meanings of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of
historical or present facts or conditions, included herein are
“forward-looking statements.” Included among “forward-looking
statements” are, among other things, (i) statements regarding
Cheniere’s business strategy, plans and objectives, including the
development, construction and operation of liquefaction facilities,
(ii) statements regarding expectations regarding regulatory
authorizations and approvals, (iii) statements expressing beliefs
and expectations regarding the development of Cheniere’s LNG
terminals, including liquefaction facilities and pipelines, (iv)
statements regarding the business operations and prospects of third
parties, (v) statements regarding potential financing arrangements
and (vi) statements regarding future discussions and entry into
contracts. Although Cheniere believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. Cheniere’s actual results
could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in Cheniere’s periodic reports that are
filed with and available from the Securities and Exchange
Commission. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Other than as required under the securities laws,
Cheniere does not assume a duty to update these forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20180420005061/en/
Cheniere Energy, Inc.InvestorsRandy
Bhatia, 713-375-5479Megan Light, 713-375-5492orMedia RelationsEben Burnham-Snyder,
713-375-5764
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