Cheniere Energy, Inc. Announces Closing of $750 Million Revolving Credit Facility
HOUSTON, March 3, 2017 /PRNewswire/ -- Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG) announced today that it has closed on a new four-year $750 million Revolving Credit Facility (the "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.
This press release contains certain statements that may include "forward-looking statements" within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included herein are "forward-looking statements." Included among "forward-looking statements" are, among other things, statements regarding Cheniere's business strategy, plans and objectives. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere's periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
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SOURCE Cheniere Energy, Inc.
Released March 3, 2017