Milbank LLP advised the lenders in connection with partially funding the acquisition by Stonepeak of a 40% equity stake in Louisiana LNG Infrastructure LLC. Louisiana LNG is a liquified natural gas production and gas export terminal in Calcasieu Parish, Louisiana, owned by Woodside Energy Group Ltd consisting of three gas liquefaction plants, each with a designed nameplate capacity of approximately 5.0 million tonnes per annum, related gas pre-treatment, gas processing and ancillary infrastructure, and LNG storage and marine export terminal facilities.
Under the transaction, which was first announced on April 7, 2025, Stonepeak will, in addition to its acquisition of an equity interest in the facility, contribute funds towards the development of Louisiana LNG on an accelerated basis.
The Milbank team advising on the financing was led by Global Project, Energy and Infrastructure Finance partner Dan Michalchuk, Global Leveraged Finance partners Marcus Dougherty and Benjamin Sayagh, along with Global Project, Energy and Infrastructure Finance associates Olivia Scandura and Annie Harper, law clerks Andrew Lassman and Jacqueline Pasquel, and Global Leveraged Finance associates George Miller and Yuna Pyun.
“We are pleased to have advised the lenders on this transaction, which underscores the importance of Louisiana LNG in the US LNG export landscape,” commented Mr. Michalchuk.
