Freeport LNG Development LP

Freeport LNG Development LP and Westbourne Capital jointly announced the execution of definitive agreements under which Westbourne and its co-investors will exclusively provide an up to $1.025 billion mezzanine loan to a Freeport LNG subsidiary in support of Freeport LNG’s proposed fourth natural gas liquefaction train expansion efforts. This financing, combined with a contemplated bank facility, will be sufficient to provide 100% of the capital required for Train 4. This agreement follows Freeport LNG’s receipt of its FERC and DOE authorizations for the Train 4 project and its execution of a Train 4 fixed price EPC contract with KBR Inc.