---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-175130"
form_type: "8-K"
ticker: null
cik: "0001499200"
company_name: "Sabine Pass Liquefaction, LLC"
filed_at: "2023-06-26T23:59:59+00:00"
generated_at: "2026-06-13T17:01:17.566096+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sabine Pass Liquefaction enters $1B revolving credit facility, maturing 2028

## Summary
- New $1B revolving credit facility refinances existing March 2020 facility, matures June 23, 2028.
- Interest at SOFR + 1.00%-1.75% margin (currently 1.125%); base rate + 0.00%-0.75%.
- No financial covenants; negative covenants limited; cross-acceleration default threshold $500M.
- Secured by first-priority lien on substantially all assets and pledge of SPL membership interests.
- Facility used for general corporate purposes; 100% available for letters of credit.

## SEC filing metadata
- accession: 0001193125-23-175130
- form_type: 8-K
- cik: 0001499200
- company_name: Sabine Pass Liquefaction, LLC
- filed_at: 2023-06-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499200/000119312523175130/0001193125-23-175130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499200/000119312523175130/d506245d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-175130
- JSON: https://secwatch.observer/filing/0001193125-23-175130.json
- Plain text: https://secwatch.observer/filing/0001193125-23-175130.txt

## Key facts
- Debt Financings
  Sabine Pass Liquefaction, LLC incurred revolving credit of $1 billion with MUFG Bank, Ltd., as coordinating lead arranger, the Bank of Nova Scotia, as senior facility agent and Société Générale, as common security trustee at SOFR plus applicable margin ranging from 1.00% to 1.75% per annum maturing June 23, 2028.
  - Instrument: revolving credit
  - Principal: $1 billion
  - Counterparty: MUFG Bank, Ltd., as coordinating lead arranger, the Bank of Nova Scotia, as senior facility agent and Société Générale, as common security trustee
  - Rate: SOFR plus applicable margin ranging from 1.00% to 1.75% per annum
  - Maturity: June 23, 2028
  - Event: incurrence
  source text: On June 23, 2023 (the “ Closing Date ”), Sabine Pass Liquefaction, LLC (“ SPL ”) entered into a $1 billion Senior Secured Revolving Credit and Guaranty Agreement among SPL, as borrower, various lenders (the “ Lenders ”) and issuing banks, MUFG Bank, Ltd., as coordinating lead arranger, the Bank of Nova Scotia, as senior facility agent and Société Générale, as common security trustee for the Lenders (the “ Revolving Credit Facility ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499200/000119312523175130/0001193125-23-175130-index.htm
- Material Agreements
  Sabine Pass Liquefaction, LLC entered into Senior Secured Revolving Credit and Guaranty Agreement with various lenders and issuing banks, MUFG Bank, Ltd., as coordinating lead arranger, the Bank of Nova Scotia, as senior facility agent and Société Générale, as common security trustee valued at $1 billion (effective 2023-06-23).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: various lenders and issuing banks, MUFG Bank, Ltd., as coordinating lead arranger, the Bank of Nova Scotia, as senior facility agent and Société Générale, as common security trustee
  - Value: $1 billion
  - Effective: 2023-06-23
  source text: On June 23, 2023 (the “ Closing Date ”), Sabine Pass Liquefaction, LLC (“ SPL ”) entered into a $1 billion Senior Secured Revolving Credit and Guaranty Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499200/000119312523175130/0001193125-23-175130-index.htm
- Material Agreements
  Sabine Pass Liquefaction, LLC amended Fourth Amended and Restated Common Terms Agreement with certain other parties and Société Générale, as common security trustee (effective 2023-06-23).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: certain other parties and Société Générale, as common security trustee
  - Effective: 2023-06-23
  source text: In connection with the Revolving Credit Facility, SPL also entered into the Fourth Amended and Restated Common Terms Agreement, among SPL and certain other parties thereto and Société Générale, as common security trustee (the “ Common Terms Agreement ”), which amends and restates the Third Amended and Restated Common Terms Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499200/000119312523175130/0001193125-23-175130-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.