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/