BATON ROUGE, La. (AP) — Sabine Pass Liquefaction LLC is trying to raise $1.5 billion through two bond sales to help build the first two units of a natural gas liquefaction export facility in Cameron Parish.
Cheniere Energy Partners LP owns Sabine Pass Liquefaction.
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The Advocate reports (http://bit.ly/17sEgR2 ) the senior secured notes will be used instead of part of a $3.6 billion term loan.
In February, Cheniere announced that Sabine Pass Liquefaction had successfully raised $1.5 billion through a bond sale.
Cheniere said in August it had given Bechtel Oil, Gas and Chemicals Inc. permission to begin work on the two units. Cheniere estimated the project’s cost at $5.6 billion.
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Information from: The Advocate, http://theadvocate.com
