Key Developments: Cheniere Energy Partners LP (CQP.A)

CQP.A on American Stock Exchange

29.27USD
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Cheniere Energy Partners LP Declares Quarterly Distributions
Monday, 22 Jul 2013 04:15pm EDT 

Cheniere Energy Partners LP announced that it has declared a cash distribution per common unit of $0.425 ($1.70 annualized) to unitholders of record as of August 1, 2013, and the related distribution to its general partner. All of these distributions are payable on August 14, 2013.  Full Article

Cheniere Energy Partners LP Engages Joint Lead Arrangers To Arrange Debt Financing For Trains 3 And 4 Of Sabine Pass Liquefaction Project
Wednesday, 22 May 2013 08:51am EDT 

Cheniere Energy Partners LP announced that its wholly owned subsidiary, Sabine Pass Liquefaction, LLC, has engaged 17 financial institutions to act as Joint Lead Arrangers to assist in the structuring and arranging of credit facilities (the Credit Facilities). The Credit Facilities will be used to fund the remaining debt portion needed for the costs of developing, constructing and placing into service the first four trains of the liquefaction project being developed adjacent to the Sabine Pass LNG terminal and for general business purposes. The Company will amend and upsize the existing Term Loan A Credit Facility that was entered into last year for the financing of the first two trains, extending the available capacity to accommodate four liquefaction trains. Closing of the Credit Facilities and issuing a notice to proceed to Bechtel Oil, Gas and Chemicals, Inc. for Trains 3 and 4 is expected to occur within the upcoming weeks.  Full Article

Cheniere Energy Partners LP Declares Quarterly Distributions
Friday, 19 Apr 2013 05:07pm EDT 

Cheniere Energy Partners LP announced that it has declared a cash distribution per common unit of $0.425 ($1.70 annualized) to unitholders of record as of May 1, 2013, and the related distribution to its general partner. All of these distributions are payable on May 15, 2013.  Full Article

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.  Full Article

Centrica PLC Signs Long-Term North American LNG Export Contract With Cheniere Energy Partners, L.P
Monday, 25 Mar 2013 03:00am EDT 

Centrica PLC announced that it has entered into an agreement with Cheniere Energy Partners, L.P, to purchase 91,250,000 mmbtu (89 billion cubic feet) of annual liquefied natural gas (LNG) volumes for export from the Sabine Pass liquefaction plant in Louisiana in the United States. This amounts to approximately 1.75 million metric tonnes per annum (mmtpa), and is the equivalent of the annual gas demand of around 1.8 million UK homes. The contract is for an initial 20 year period, with the option for a 10 year extension, and the target date for first commercial delivery is September 2018. Under the terms of the agreement, Centrica will purchase LNG on a ‘Free on Board’ (FOB) basis, giving it destination rights for the cargoes, for a purchase price indexed to the Henry Hub natural gas price plus a fixed component. Centrica will export gas from the fifth LNG train at Sabine Pass, on which preliminary engineering work has already begun. The contract is subject to a number of conditions precedent, including Cheniere receiving the necessary regulatory approvals, securing finance, making a final investment decision and issuing a notice to proceed with the fifth LNG train.  Full Article

Cheniere Energy Partners LP Announces Registered Direct Offering Of Common Units
Monday, 25 Feb 2013 08:03am EST 

Cheniere Energy Partners LP announced that it has entered into a purchase agreement with institutional investors to sell approximately 17.6 million common units for net proceeds, after deducting expenses, of approximately $372.2 million, which includes the general partner's proportionate capital contribution of approximately $7.4 million to maintain its 2% general partner interest. Investors primarily include affiliates of RRJ Capital and GSO Capital. The offering is expected to close and settle on March 1, 2013. Cheniere Partners intends to use the proceeds from the offering for costs associated with the liquefaction project being developed adjacent to the existing Sabine Pass LNG terminal and general business purposes.  Full Article

Cheniere Energy Partners LP Declares Quarterly Distributions
Tuesday, 22 Jan 2013 04:21pm EST 

Cheniere Energy Partners LP announced that it declared a cash distribution per common unit of $0.425 ($1.70 annualized) to unitholders of record as of February 1, 2013, and the related distribution to its general partner. All of these distributions are payable on February 14, 2013.  Full Article

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