Stonepeak Sells $2.5 Billion in Private Bonds for Louisiana LNG Refinancing
Updated
Updated · Bloomberg · Jun 24
Stonepeak Sells $2.5 Billion in Private Bonds for Louisiana LNG Refinancing
3 articles · Updated · Bloomberg · Jun 24
Summary
About $2.5 billion of private bonds were sold by Stonepeak to refinance a loan tied to its investment in a Louisiana liquefied natural gas export terminal.
Stonepeak Wallaby I Acquiror LP—the holding company backing the under-construction Louisiana LNG project—issued the bonds in a true private placement, according to people familiar with the matter.
Mizuho Financial Group and RBC arranged the transaction, which provides fresh financing for Stonepeak’s stake in the export project as construction continues.