HOUSTON, Nov. 18, 2013 /PRNewswire/ -- Cheniere Energy
Partners, L.P. ("Cheniere Partners") (NYSE MKT: CQP) announced
today that its wholly owned subsidiary, Sabine Pass Liquefaction,
LLC ("Sabine Liquefaction"), intends to offer, subject to market
and other conditions, $1.0 billion
principal amount of Senior Secured Notes due 2022 ("SPL 2022
Notes").
Sabine Liquefaction intends to use the net proceeds from the
offering to pay capital costs in connection with the construction
of the first four liquefaction trains at its facility in
Cameron Parish, Louisiana and fees
and expenses incurred associated with the offering. The net
proceeds will be used to reduce commitments on a ratable basis
under Sabine Liquefaction's four credit facilities totaling
$5.9 billion (collectively, the "2013
Liquefaction Credit Facilities"). The SPL 2022 Notes are pari
passu in right of payment with all existing and future senior
indebtedness of Sabine Liquefaction, including borrowings under the
2013 Liquefaction Credit Facilities and its outstanding senior
secured notes due 2021 and 2023.
The offer of the SPL 2022 Notes has not been registered under
the Securities Act of 1933, as amended (the "Securities Act") and
the SPL 2022 Notes may not be offered or sold in the United States absent registration under
the Securities Act or an applicable exemption from the registration
requirements of the Securities Act. This press release shall
not constitute an offer to sell or a solicitation of an offer to
buy nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale of these
securities would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.
Forward-Looking Statements
This press release contains certain statements that may include
"forward-looking statements" within the meanings of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of
historical fact, included herein are "forward-looking statements."
Included among "forward-looking statements" are, among other
things, statements regarding Cheniere Partners' business strategy,
plans and objectives, including the use of proceeds from the
offering. Although Cheniere Partners believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. Cheniere
Partners' actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in Cheniere Partners'
periodic reports that are filed with and available from the
Securities and Exchange Commission. You should not place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. Other than as required under the
securities laws, Cheniere Partners does not assume a duty to update
these forward-looking statements.
SOURCE Cheniere Energy Partners, L.P.