Port Arthur LNG Facility Sells $2 Billion Private Debt (Correct)

A plant that liquifies and exports natural gas from the Gulf Coast of Texas has sold $2 billion of bonds, according to a spokeswoman.

The offering by Port Arthur LNG, based in Southeast Texas, will refinance term debt used to help construct the first phase of the project, according to the representative for Sempra Infrastructure, which is leading the consortium on the project. The latest bonds were sold in a true private placement, according to people with knowledge of the matter.

Private placements are a way for businesses, often high grade, to borrow directly from institutional investors such as ...