Cheniere Energy appoints 18 arrangers for up to $11.5 billion of debt

By Sara Rosenberg

New York, Dec. 12 – Cheniere Energy Inc. has received commitments for up to $11.5 billion of debt facilities for which it has engaged 18 joint lead arrangers, according to a news release.

The arrangers are Bank of America, BNP Paribas Securities, Credit Suisse, Goldman Sachs, HSBC, ING Capital, Intesa Sanpaolo, JPMorgan Chase, Lloyds Bank, Mizuho Bank, Morgan Stanley, Royal Bank of Canada, the Bank of Nova Scotia, Societe Generale, Sumitomo Mitsui Banking Corp., Commonwealth Bank of Australia, Standard Chartered Bank and MUFG.

Proceeds will be used to fund the development and construction of the LNG export facility and related pipeline being developed near Corpus Christi, Texas, and for general business purposes.

Construction is expected to start in early 2015, subject to regulatory approvals, entering into long-term customer contracts sufficient to underpin financing of the project, obtaining financing, and Cheniere making a final investment decision.

Cheniere Energy is a Houston-based energy company.

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