Investment firm secures $2.5B refinancing for Louisiana LNG stake

Stonepeak secured $2.5 billion through a private bond issuance to refinance construction debt for its Louisiana LNG export terminal project in Calcasieu Parish. The firm acquired a 40% stake in the facility from Woodside Energy Group Ltd, with construction ongoing since 2022 and first LNG cargo expected in 2029. The project is projected to contribute 5% of global LNG production capacity by the 2030s.