Cheniere Closes $5.9B Financing For Sabine Pass LNG Project

Law360, New York (May 29, 2013, 3:33 PM EDT) -- A subsidiary of Cheniere Energy Inc. closed a $5.9 billion financing package Tuesday to fund the second stage of its massive natural gas liquefaction and transportation project in Louisiana with a consortium of banks and Korean financial institutions, the oil and gas firm said Wednesday.

Houston-based Cheniere Energy Partners LP, the operating company for the Sabine Pass LNG terminal project, secured a primary $4.4 billion loan from a syndicate of 27 banks to fund construction of two new gas processing facilities at the Sabine Pass site. The energy firm also closed a $750 million term loan secured by Korea Trade Insurance...

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