Cheniere Makes Positive FID for Sabine Pass Train 6
Cheniere Energy Partners, L.P. (Cheniere Partners) announced that the Board of Directors of its general partner has made a positive final investment decision (FID) with respect to Train 6 of the Sabine Pass Liquefaction Project (SPL Project) in Cameron Parish, La., and Cheniere Partners has issued full notice to proceed with construction to Bechtel Oil, Gas and Chemicals, Inc. (Bechtel). The press release states that “[t]o fund a portion of the construction of Train 6 and a third LNG berth and required supporting infrastructure at the SPL Project, Cheniere Partners has entered into 5-year, $1.5 billion senior secured credit facilities with 29 banks and financial institutions in a transaction that closed on May 29, 2019. The facilities include a $750 million delayed draw term loan, and a $750 million revolving credit facility. SG Americas Securities, LLC acted as Financial Advisor to Cheniere Partners for the transaction, and MUFG Bank, Ltd acted as Sole Coordinating Lead Arranger.”