Cheniere Announces Funding and Notice to Proceed with Sabine Pass LNG Train 5 Construction
Cheniere Energy announced that Sabine Pass Liquefaction, LLC (SPL) “has engaged 18 financial institutions to act as Joint Lead Arrangers to assist in the structuring and arranging of up to approximately $5.8 billion of debt facilities, including approximately $4.6 billion of credit facilities and an approximately $1.2 billion revolving credit facility.” According to the press release, SPL “will amend and upsize its existing credit facilities to increase the available commitments to fund a portion of the costs of developing, constructing, and placing into service the first five liquefaction trains of the Sabine Pass [LNG export terminal] … in Cameron Parish, Louisiana, and for general business purposes.”
Cheniere Energy also announced that it has reached a positive Final Investment Decision and issued a notice to proceed with construction of liquefaction Train 5 at the Sabine Pass LNG terminal.