Commonwealth LNG Secures Financing Commitments from 20 Banks

en.Wedoany.com Reported - Caturus, LLC, an independent integrated natural gas and LNG company, announced that the previously disclosed financing for the 9.5 million tonnes per annum Commonwealth LNG export facility in Cameron Parish, Louisiana, has secured participation from 20 leading international financial institutions.

Commonwealth LNG has obtained commitments for project finance debt and related facilities from a syndicate of 20 leading global financial institutions, serving as initial joint lead arrangers. The financing package includes term loans and additional funds to support reserve and working capital requirements.

The lending group includes: Abu Dhabi Commercial Bank PJSC; Banco Bilbao Vizcaya Argentaria, S.A., New York Branch; Banco Santander, S.A., New York Branch; Bank of America, N.A.; Bank of China Limited, New York Branch; Barclays Bank PLC; Canadian Imperial Bank of Commerce, New York Branch; Citibank, N.A.; DNB Capital LLC; First Abu Dhabi Bank PJSC; HSBC Bank USA, N.A.; Intesa Sanpaolo S.p.A., New York Branch; MUFG Bank, Ltd.; National Bank of Canada; Royal Bank of Canada; Standard Chartered Bank; The Bank of Nova Scotia, Houston Branch; Truist Bank; and Wells Fargo Bank, N.A.

RBC Capital Markets is serving as debt financial advisor to Commonwealth LNG, and MUFG Bank, Ltd. is serving as debt financial advisor to Commonwealth LNG's "HoldCo" affiliate.

Moelis & Company LLC and MUFG Securities Americas Inc. are acting as equity placement agents in connection with the previously disclosed preferred equity financing.

Kirkland & Ellis LLP is serving as legal counsel to Caturus. Sullivan & Cromwell LLP is serving as borrower's legal counsel to Commonwealth LNG, LLC, Norton Rose Fulbright is serving as lender's legal counsel, and Jones, Walker, LLP is serving as Commonwealth's Louisiana legal counsel.

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