secwatch.observer — SEC 8-K summary
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Issuer:     Sabine Pass Liquefaction, LLC (—)
CIK:        0001499200
Form:       8-K
Filed at:   2023-06-26T23:59:59+00:00
Accession:  0001193125-23-175130
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499200/000119312523175130/0001193125-23-175130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499200/000119312523175130/d506245d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-175130

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