Cheniere Energy Partners LP

Description

Cheniere Energy Partners LP intends to offer, subject to market and other conditions, $1 billion principal amount of senior notes due 2029.

Cheniere Partners intends to use the proceeds from the offering to prepay all of the outstanding term loans under its senior secured credit facilities due 2024 and for general corporate purposes, including funding future capital expenditures in connection with the construction of Train 6 at the Sabine Pass liquefaction project. After applying the proceeds from this offering, only a $750 million revolving credit facility will remain as part of the CQP Credit Facilities, which is undrawn. The CQP 2029 notes will rank pari passu in right of payment with the existing senior notes at CQP, including the senior notes due 2025 and senior notes due 2026.

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Estimated Price
$1,000.0MM
Financing Type
Report Date