Milbank LLP advised noteholders in connection with a $2 billion 4(a)(2) partial refinancing of indebtedness that funded the acquisition by Stonepeak of a 40% equity stake in Louisiana LNG Infrastructure LLC. The transaction was executed by Apollo and Apterra Infrastructure Capital. 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.
The transaction is a partial refinancing of a commercial bank facility that closed in June 2025 where Milbank represented the lenders.
The Milbank team advising on the financing was led by Global Project, Energy and Infrastructure Finance partners Dan Michalchuk and Dan Bartfeld, along with Global Project, Energy and Infrastructure Finance senior associates Olivia Scandura and Andrew Lassman, and associates Annie Harper, Jacqueline Pasquel, Gabriella Ferreira and Olivia Chang.
“We are pleased to have advised the noteholders on this transaction, which underscores the strength of the private placement market in LNG and in the energy and infrastructure space as a whole,” commented Mr. Michalchuk.
