Cheniere Energy Inc., the first company to win approval to export natural gas from the continental U.S., plans to complete as much as $4 billion in financing for the south Louisiana project in the next few days, Bloomberg reports. “We’re working with our eight lead arrangers to secure the project financing and it will be announced in the next few days,” Chairman and CEO Charif Souki says. Earlier this month, Cheniere said it expected to complete debt financing arrangements by the end of this month for the estimated $4.5 billion to $5 billion it needs to build liquefaction units at its Sabine Pass facility in Cameron Parish. The company hired JPMorgan Chase & Co., Morgan Stanley and others in April to help arrange the funding. “More than likely, they’ll get the debt financing done,” speculates William Frohnhoefer, an analyst at BTIG LLC. “If they are late a few days, it won’t have a significant impact on their work schedule or costs.” Read the full story here.
Financing plan for La. LNG terminal nearly complete
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