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Applied LNG Completes Financing for LNG Plant in Texas

On Monday, Applied LNG announced the closing of a $22.5 million senior secured loan provided by Texas Capital Bank. The transaction completes the financing for the first liquefaction train at the Midlothian LNG Production Platform. Applied LNG’s first production train in Midlothian, Texas, is expected to be completed in mid-2015. This will be the company’s third liquefier and will increase Applied LNG’s production capacity to 258,000 gallons of LNG per day.