Cheniere Said to Seek $2.6 Billion to Refinance LNG Import Plant
- Deal would refinance Sabine Pass, Creole Trail pipeline debt
- LNG import facility has never operated at full capacity
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Cheniere Energy Inc. is seeking to borrow about $2.6 billion to refinance its underused Sabine Pass liquefied natural gas import facility and a pipeline, according to four people familiar with the deal.
Cheniere, which is better known because it’s on track to export the first cargo of U.S. shale gas this year, owes about $2.1 billion on the import facility in Louisiana, with $1.67 billion due in November, according to a company presentation Thursday.