Latham & Watkins advises lenders in Cameron LNG financing
Legal firm Latham & Watkins has said that it advised the Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI) and a group of 29 commercial banks on the US$ 7.4 billion debt financing for the Cameron LNG liquefaction-export project in Hackberry, Louisiana.
The financing consisted of a JBIC loan of US$ 2.5 billion and a commercial bank loan of US$ 4.9 billion, with NEXI providing insurance for US$ 2 billion of the commercial bank tranche.
The project, with a total cost of approximately US$ 10 billion, is being developed by Sempra, GDF Suez, Mitsui and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabashiki Kaisha (NYK), and will consist of three liquefaction trains capable of exporting up to 12 million tpa of LNG.
The Latham & Watkins finance team included partners Bill Voge in London, Matthew Henegar in New York, Joel Mack in Houston, Joseph Bevash, Michael Yoshii and Hiroki Kobayashi in Tokyo, with associates Richard Chul Kim, Saori Kawakami, Daniel Senger and Richard Fleming in Tokyo, Kelann Stirling in New York and James Franklin and Lucy Wilson in London.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquefaction/09102014/law-firm-advises-cameron-lng-financing-1566/
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