Stonepeak Completes $2.6 Billion Bond Offering Related to LNG Investment

Paul, Weiss advised Stonepeak Partners on the issuance of $2.6 billion principal amount of 6.44% senior notes due 2050. The offering follows Stonepeak’s September 2025 issuance of $2 billion principal amount of 6.40% senior notes due 2049. The proceeds were used in connection with Stonepeak’s 40% ownership of Louisiana LNG, a liquefied natural gas joint venture with Woodside Energy located near Lake Charles, Louisiana.

The Paul, Weiss team was led by corporate partners Timothy Cruickshank and Ben Steadman, and included partners Eric Wedel and Samita Ahmad; tax partner Robert Holo and counsel Samir Kurani; litigation partner Nicole Succar; and executive compensation counsel Jake Glazeski.