Cheniere Energy Partners makes positive final investment decision on Train 6
Cheniere Energy Partners announced that the Board of Directors of its general partner has made a positive Final Investment Decision with respect to Train 6 at the Sabine Pass liquefaction project in Cameron Parish, Louisiana, and Cheniere Partners has issued full notice to proceed with construction to Bechtel Oil, Gas and Chemicals. To fund a portion of the construction of Train 6, a third LNG berth, and required supporting infrastructure at the SPL Project, Cheniere Partners has entered into 5-year, $1.5B senior secured credit facilities with 29 banks and financial institutions in a transaction that closed on May 29, 2019. The facilities include a $750M delayed draw term loan and a $750M revolving credit facility. SG Americas Securities, LLC acted as financial advisor to Cheniere Partners for the transaction, and MUFG Bank, Ltd. acted as Sole Coordinating Lead Arranger.