Kirkland & Ellis LLP advised lenders on a $2.4 billion holding company financing for Freeport LNG. The financing closed on May 15, 2018. The coordinating lead arrangers on the financing were MUFG Bank, LTD., HSBC Bank USA, N.A., Sumitomo Mitsui Banking Corporation and Credit Agricole Corporate and Investment Bank. Fourteen banks participated in the financing. The financing is supported by dividends from Trains 1, 2 and 3 of the Freeport LNG project. A portion of the proceeds of the financing will be used to pay down the existing bank debt for Train 3.
The Kirkland team was led by debt finance partners Rohit Chaudhry and Roald Nashi and associate Osaro Aifuwa; and corporate partners Scott Gordon and Drue Santora and associate Olga Mir.