Cheniere closes Revolving Credit Facility
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
Cheniere Energy Inc. has closed on a four-year US$750 million Revolving Credit Facility with nine financial institutions.
Borrowings under the Revolving Credit Facility will bear interest at a rate of London Interbank Offered Rate (LIBOR) plus 325 basis points per annum. Undrawn commitment fees are 75 basis points per annum.
Cheniere said that it may use the borrowings under the Revolving Credit Facility to fund equity capital contributions to Cheniere CCH HoldCo II LLC, a wholly-owned subsidiary of Cheniere, and for general corporate purposes, subject to certain restrictions.
Societe Generale is Administrative Agent, and Goldman Sachs Bank USA, Morgan Stanley Senior Funding Inc. and SG Americas Securities LLC are Joint Lead Arrangers and Joint Bookrunners. The participating banks are Bank of America, N.A., Credit Suisse AG, Cayman Islands Branch, Goldman Sachs Bank USA, HSBC Bank USA, National Association, Mizuho Bank, Ltd, Morgan Stanley Senior Funding, Inc., Royal Bank of Canada, Societe Generale and Sumitomo Mitsui Banking Corp.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/06032017/cheniere-closes-revolving-credit-facility/
You might also like
Hydrocarbon Engineering Podcast
Leakhena Swett, President of the International Liquid Terminals Association (ILTA), and Jay Cruz, Senior Director of Government Affairs and Communications, join us to consider the key role that industry associations have to play in the sectors that they serve.
Energy breakthrough for Victoria as Viva Energy LNG terminal receives positive assessment
The Victorian Government has delivered a positive assessment on the EES for Viva Energy’s LNG terminal project in Geelong, marking a step in ensuring a secure energy future for the state.
