Cheniere Energy, Inc. announced late Friday that its indirect, wholly owned subsidiary, Cheniere LNG Holdings, LLC has engaged Credit Suisse to arrange a proposed $500 million Senior Secured Term Loan Facility. Holdings owns Cheniere’s 100% equity interest in Sabine Pass LNG, LP. and Cheniere’s 30% limited partner equity interest in Freeport LNG Development, LP., each of which owns an LNG receiving terminal project that is currently under construction.

The facility would be used to fund:

The facility would have a seven-year term and would be secured by the debt service reserve, all of the capital stock or other equity interests directly held by Holdings with respect to the projects and all of the capital stock of Holdings.

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