King & Spalding Advises Freeport LNG in Agreements with Toshiba and SK

King & Spalding advised  Freeport LNG Expansion, L.P., in the company’s agreements to enter into binding 20-year liquefaction tolling agreements (LTAs) with SK E&S LNG, LLC and Toshiba Corporation, each for a base quantity of 2.2 million tons per annum (mtpa), commencing upon completion of construction of the third train of Freeport LNG’s proposed natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas.

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Tags:  King & Spalding LLP | Houston

BofA Merrill Lynch Leads $175 Million IPO of World Point Terminals, LP

On Wednesday, August 14th, World Point Terminals, LP completed its initial public offering of 8,750,000 common units representing limited partner interests at the public offering price of $20.00 per common unit. World Point sold 3,871,750 common units and a subsidiary of the sponsor sold 4,878,250 common units in the offering. World Point also granted the underwriters a 30-day option to purchase up to 1,312,500 additional common units. After a six-day road show, the offering priced on August 8th, and the common units began trading on the New York Stock Exchange under the symbol “WPT” on Friday, August 9th.

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