Cheniere Energy Partners informed that it 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 for Train 5 at Sabine Pass liquefaction project.
The debt facilities include approximately $4.6 billion of credit facilities and an approximately $1.2 billion revolving credit facility, Cheniere said in a statement.
The company 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 liquefaction project in Cameron Parish, Louisiana, and for general business purposes.
The Sabine Pass liquefaction project is being designed for up to six liquefaction trains, each with nominal production capacity of approximately 4.5 million tonnes per annum.
Obtaining financing is one of the last milestones to complete before proceeding with construction of Train 5 of the Sabine Pass liquefaction project.
Cheniere expects to close the credit facilities and issue a notice to proceed to Bechtel for Train 5 in due course.
[mappress mapid=”17493″]
Image: Cheniere