Cheniere Energy Partners LP Announces Offering Of $0.5 Billion Senior Secured Notes And $1.0 Billion Senior Secured Notes due 2023 By Sabine Pass Liquefaction


Wednesday, 10 Apr 2013 07:37am EDT 

Cheniere Energy Partners LP announced that wholly owned subsidiary, Sabine Pass Liquefaction, LLC, intends to offer, $0.5 billion principal amount of Senior Secured Notes due 2021 (SPL 2021 Notes) and $1.0 billion principal amount of Senior Secured Notes due 2023 (SPL 2023 Notes), collectively, the Notes. The SPL 2021 Notes will constitute a further issuance of and will form a single series with the 5.625% Senior Secured Notes due 2021 (Outstanding 2021 Notes) that were issued by Sabine Liquefaction on February 1, 2013. Sabine Liquefaction intends to use the net proceeds from the offering to pay capital costs in connection with the construction of the first two LNG liquefaction trains at facility in Cameron Parish, Louisiana and fees and expenses incurred associated with the offering. The net proceeds will be used in lieu of a portion of Sabine Liquefaction's $3.6 billion Term Loan A Credit facility. 

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