Cheniere Energy Inc (LNG)

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10:15:06 Cheniere Engages 18 Firms to Arrange Debt Financing for Corpus Christi Liquefaction Project

12:15 PM EST, 12/12/2014 (MT Newswires) -- Cheniere Energy (LNG) stock slips off an earlier trading halt Friday after saying it has engaged 18 financial institutions to act as Joint Lead Arrangers to assist in the structuring and arranging of up to $11.5 billion of debt facilities.

The proceeds will be used to pay for the costs of development and construction of the LNG export facility and related pipeline being developed near Corpus Christi, Texas and for general business purposes. As previously disclosed, estimated capital costs for the proposed liquefaction project of $11.5 billion to $12.0 billion, before financing and pipeline facilities, are expected to be funded from a combination of debt and equity financings.

LNG moves in a 52-week range of $38.42 to $85.

Price: 63.76, Change: -0.19, Percent Change: -0.30
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