HOUSTON, June 8, 2016 /PRNewswire/ -- Cheniere Energy
Partners, L.P. ("Cheniere Partners") (NYSE MKT: CQP) announced
today that its wholly owned subsidiary, Sabine Pass Liquefaction,
LLC ("SPL"), intends to offer, subject to market and other
conditions, $1.0 billion principal
amount of Senior Secured Notes due 2026 (the "SPL 2026 Notes").
SPL intends to use the net proceeds from the offering to prepay
a portion of the principal amounts currently outstanding under
SPL's credit facilities (the "2015 SPL Credit Facilities") and to
pay fees and expenses associated with the offering. The SPL 2026
Notes will rank pari passu in right of payment with all existing
and future senior secured indebtedness of SPL, including borrowings
under the 2015 SPL Credit Facilities, its outstanding senior
secured notes due 2021, senior secured notes due 2022, senior
secured notes due 2023, senior secured notes due 2024, and senior
secured notes due 2025 and its obligations under its working
capital facility.
The offer of the SPL 2026 Notes has not been registered under
the Securities Act of 1933, as amended (the "Securities Act") and
the SPL 2026 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."
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.
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SOURCE Cheniere Energy Partners, L.P.