The US port of Corpus Christi has raised $216.2m from the sale of senior lien revenue bonds to help fund its bid to export crude via VLCC.
The Texas-based port said the proceeds will be used for both the deepening and widening of the Corpus Christi ship channel as well as other capital projects.
Wells Fargo Securities acted as lead manager of a syndicate of underwriters including JP Morgan, Citigroup, and Frost Bank.
