NextDecade LLC has appointed Societe Generale and Macquarie Capital to act as joint financial advisors in conjunction with the anticipated debt and equity financing for the construction of its Rio Grande LNG and Rio Bravo Pipeline projects.
Brent Wahl, Senior Managing Director at Macquarie Capital, said: “We are pleased to bring our expertise to NextDecade as they move towards their final investment decision […] NextDecade’s commitment to proven technology along with their strong industry and commercial relationships make Rio Grande an attractive LNG project.”
Societe Generale and Macquarie Capital have each played extensive roles advising and participating in debt and equity financing for large-scale infrastructure and LNG projects. To date, Societe Generale has acted as Joint Lead Arranger in the financing and development of all LNG projects that have been commissioned in North America. For two of these LNG projects, Societe Generale acted as sole financial advisor and assisted the sponsors in raising approximately US$25 billion in capital.
Globally, Societe Generale has worked on over 45 transactions in the LNG sector. Macquarie Capital is a global leader in infrastructure advisory with extensive experience in the LNG sector, including raising over US$3 billion of equity and mezzanine financing on Freeport LNG (Trains 1 – 3) in Project Finance International’s 2014 Deal of the Year (Americas).
NextDecade CFO, Ben Atkins, said: “Societe Generale and Macquarie Capital’s combined experience and collaborative approach will help ensure that NextDecade optimises its cost of capital and minimises its execution risk.”
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/04052017/nextdecade-appoints-financial-advisors-for-rio-grande-lng/