Houston LNG co. raises over $1B for expansion project

Houston-based Freeport LNG Development LP secured the capital needed for its latest natural gas liquefaction unit, called a train, at its Quintana Island facility.

Australian investment manager Westbourne Capital, along with its its co-investors, will exclusively provide a mezzanine loan of up to $1.025 billion to a Freeport LNG subsidiary to support the company’s fourth liquefaction train, according to a Sept. 9 press release. The funding from Westbourne, along with a bank facility, will provide…


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