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Societe Generale Agents $750MM Revolver for Cheniere Energy

March 06, 2017, 07:00 AM
Filed Under: Energy

Cheniere Energy, Inc. announced that it has closed on a new four-year $750 million Revolving Credit Facility with nine financial institutions. Borrowings under the Revolving Credit Facility will bear interest at a rate of London Interbank Offered Rate (LIBOR) plus 325 basis points per annum. Undrawn commitment fees are 75 basis points per annum.

Borrowings under the Revolving Credit Facility may be used by Cheniere to fund equity capital contributions to Cheniere CCH HoldCo II, LLC, a wholly-owned subsidiary of Cheniere, and for general corporate purposes, subject to certain restrictions.

Societe Generale is Administrative Agent, and Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Inc. and SG Americas Securities, LLC are Joint Lead Arrangers and Joint Bookrunners. The participating banks are Bank of America, N.A., Credit Suisse AG, Cayman Islands Branch, Goldman Sachs Bank USA, HSBC Bank USA, National Association, Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., Royal Bank of Canada, Societe Generale and Sumitomo Mitsui Banking Corporation.  

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