Cheniere Energy closed on a new four-year $750 million revolving credit facility with nine financial institutions. Borrowings under the facility will bear interest at a rate of LIBOR plus 325 basis points per annum. Undrawn commitment fees are 75 basis points per annum.
Societe Generale served as administrative agent, and Goldman Sachs Bank, Morgan Stanley Senior Funding and SG Americas Securities were joint lead arrangers and joint bookrunners. The participating banks were Bank of America, Credit Suisse, Cayman Islands Branch, Goldman Sachs Bank, HSBC, Mizuho Bank, Morgan Stanley Senior Funding, Royal Bank of Canada, Societe Generale and Sumitomo Mitsui Banking.
Borrowings under the facility may be used by Cheniere to fund equity capital contributions to Cheniere CCH HoldCo II, a wholly-owned subsidiary of Cheniere, and for general corporate purposes.