Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 31-10-2014 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Freeport LNG Expansion - Quintana Island Liquefaction Train 1 | Industry: | Oil & Gas Producers |
| Description: |
White and Case LLP represented Freeport LNG Expansion, L.P. (Freeport LNG) and its subsidiary FLNG Liquefaction, LLC (FLIQ1) in its recently signed USD3.85 billion debt financing for the development of the first liquefaction train (Train 1) of Freeport LNG's multi-train liquefaction and export facility at Quintana Island near Freeport, Texas.
The Train 1 debt financing is being provided by Japan Bank for International Cooperation (JBIC) through a direct loan, a loan insured by Nippon Export and Investment Insurance (NEXI) to be funded by The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited, Mitsubishi UFJ Trust and Banking Corporation, and ING Bank N.V., Tokyo Branch, and certain uncovered working capital loans provided by such commercial banks. Concurrently with the initial disbursement under the debt financing, Osaka Gas Co., Ltd. and Chubu Electric Power Co., Inc. are expected to make a USD1.2 billion equity investment in FLIQ1.
The White & Case team advising on the Train 1 debt financing includes Jason Webber, Clark Wohlferd, Amiko Sudo, Alec Johnson, and Julia Bell.
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| Financial Center: | New York | Value: | 1000.01-5000.00 |
| Advised Party: | Equity Sponsor | Law Firm | White & Case |
| Project Location | United States | Equity Sponsor | United States |
| Classification: |
Project Finance Oil and Gas |
Lawyer | Jason K Webber |
