Stonepeak Commits $1.5 Billion for Preferred Equity of Magnolia LNG
Simpson Thacher is representing Stonepeak Infrastructure Partners in its $1.5 billion redeemable preferred equity commitment to Magnolia LNG LLC.
Magnolia LNG LLC, a wholly owned subsidiary of Liquefied Natural Gas Limited (ASX: LNG), is developing an 8 mtpa or greater LNG export terminal in Lake Charles, Louisiana. The project site is on 115 acres adjacent to the Calcasieu Ship Channel, an established shipping channel in the Lake Charles District of Louisiana.
The Simpson Thacher team included David Lieberman and Michael Chao (M&A); and Jonathan Goldstein and Christopher Murray (Tax).