WINTER PARK, Fla. (March 07, 2016) – Triloma EIG Global Energy Term Fund I (the “Fund”) began investment operations with an investment in senior secured notes issued by Sabine Pass Liquefaction, LLC (“Sabine Pass”).
Sabine Pass is a project company formed to own, develop and operate natural gas liquefaction facilities in Cameron Parish, Louisiana. The notes, which mature on March 15, 2022, are secured by a first lien security interest in substantially all of the assets of Sabine Pass. The project is supported by fixed price, 20-year liquefied natural gas (“LNG”) sale and purchase agreements with investment grade counterparties. In February 2016, the project achieved a milestone when the first cargo of LNG was exported. Sabine Pass was formed in 2010 by Cheniere Energy Partners, L.P., a publicly traded limited partnership and an indirect subsidiary of Cheniere Energy, Inc., a publicly traded Houston-based energy company primarily engaged in LNG-related businesses.
A full holdings report of the Fund’s portfolio will be disclosed with its next quarterly N-Q filing with the U.S. Securities and Exchange Commission.
About Triloma EIG Energy Income Fund
Triloma EIG Energy Income Fund is an unlisted investment company that invests primarily in a global portfolio of privately originated energy company and project debt. Its investment objectives are to provide shareholders with current income, capital preservation and, to a lesser extent, long term capital appreciation. The Fund is managed by Triloma Energy Advisors and EIG Credit Management Company.
Triloma Financial Group is a private investment management firm providing individuals with a unique approach to alternative investment opportunities. Triloma manages and sponsors a group of private and publicly offered investment programs focused on private equity, real estate and energy investments. Triloma specializes in thorough research, individual access, powerful partnerships and impeccable service. Triloma is headquartered in Winter Park, Florida. For additional information, please visittriloma.com.
EIG specializes in private investments in energy and energy-related infrastructure on a global basis and had $14.7 billion under management as of December 31, 2015. During its 34-year history, EIG has invested over $21.5 billion in the sector in more than 300 projects or companies in 35 countries on six continents. EIG's clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For more information, visit eigpartners.com.
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This is not an offer. The offering of Triloma EIG Energy Income Fund and Triloma EIG Global Energy Term Fund I common stock can be made solely by means of a written prospectus forming part of the effective registration statement. The prospectuses and their supplements, which contain important information about the Funds, can be obtained upon request and without charge by writing to the Funds at 201 N. New York Ave., Suite 200 250, Winter Park, FL 32789, by calling the Funds collect at 407-636-7115 or by visiting trilomaenergy.com. Prospective investors should read the prospectuses and their supplements carefully before investing. Investors are advised to consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. The prospectuses contain this and other information about the Funds. There can be no assurance that the Funds will achieve their investment objectives.
The Fund’s investments in various types of debt securities and instruments may be secured, unsecured, rated and unrated, are subject to non-payment risk, and may be speculative in nature. Investments in senior secured debt present additional risks, including that there is a higher risk of default than with investment-grade bonds. The Fund’s investments in energy companies expose the Fund to risks associated with adverse economic, environmental or regulatory occurrences affecting the energy sector, a higher volatility of the market and a downturn in the energy sector could have a larger impact on the Fund than on funds that are broadly diversified across many sectors and industries.
This press release may contain forward-looking statements identified by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Triloma, EIG and the Fund believe these factors include, but are not limited to, those described under the section entitled “Risk Factors” in the Fund’s registration statement, as such factors may be updated from time to time in its periodic filings with the U.S. Securities and Exchange Commission, which are accessible on the SEC’s website at sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Fund’s filings. Triloma, EIG and the Fund assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events for circumstances.
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