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Cheniere Energy raises revolving credit facility to $1.25B

Cheniere Energy Inc. amended its existing revolving credit facility with a number of lenders to provide for an additional $500 million in commitments, boosting the total committed amount to $1.25 billion.

The credit agreement has a maturity date of Dec. 13, 2022, according to a Dec. 17 SEC filing. Cheniere may use loans drawn from the facility to fund the development of its Corpus Christi natural gas liquefaction terminal, natural gas pipeline and related facilities in Texas. The Corpus Christi terminal shipped its first LNG cargo on Dec. 11.

The lenders and issuing banks comprise Bank of America NA; 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; Société Générale; Sumitomo Mitsui Banking Corp.; MUFG Bank Ltd.; Citibank NA; ING Capital LLC; The Bank of Nova Scotia, Houston Branch; JPMorgan Chase Bank NA; ABN AMRO Capital USA LLC; Canadian Imperial Bank of Commerce, New York Branch; and Intesa Sanpaolo SpA, New York Branch.

Goldman Sachs Bank USA, Morgan Stanley Senior Funding Inc. and SG Americas Securities LLC serve as coordinating lead arrangers, while Société Générale acts as administrative agent for the lenders.