HOUSTON, Feb. 27, 2017 /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, $1.35 billion
principal amount of Senior Secured Notes due 2028 (the "SPL 2028
Notes").
SPL intends to use the net proceeds from the offering (after
deducting the initial purchasers' commissions, estimated fees and
expenses and incremental interest during construction related to
the SPL 2028 Notes) to pay capital costs in connection with the
construction of Trains 1 through 5 of the Sabine Pass Liquefaction
Project. In connection with the offering, SPL will reduce
commitments on a ratable basis under its credit facilities (the
"2015 SPL Credit Facilities") of approximately $1.2 billion. The SPL 2028 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, senior secured notes due 2025,
senior secured notes due 2026, senior secured notes due 2027,
senior secured notes due 2037 and its obligations under its working
capital facility.
The offer of the SPL 2028 Notes has not been registered under
the Securities Act of 1933, as amended (the "Securities Act") and
the SPL 2028 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, Inc., Cheniere Energy Partners, L.P.