HOUSTON, Sept. 12, 2017 /PRNewswire/
-- Cheniere Energy Partners, L.P. ("Cheniere Partners")
(NYSE American: CQP) announced today that it has upsized and priced
its previously announced offering of Senior Notes due 2025 (the
"CQP 2025 Notes"). The principal amount of the offering has been
increased from the initially announced $1.0
billion to $1.5 billion. The CQP 2025 Notes will bear
interest at a rate of 5.250% per annum and will mature on
October 1, 2025. The CQP 2025 Notes
are priced at par, and the closing of the offering is expected to
occur on September 18, 2017.
Cheniere Partners intends to use the net proceeds from the
offering, after deducting the initial purchasers' commissions and
estimated fees and expenses related to the CQP 2025 Notes, to
prepay a portion of the outstanding Term Loan indebtedness under
its credit facilities (the "CQP Credit Facilities"). The CQP 2025
Notes will be secured pari passu with all existing and future
senior secured indebtedness of Cheniere Partners, including
borrowings under the CQP Credit Facilities, until the drawn balance
of the Term Loans under the CQP Credit Facilities is reduced to
less than or equal to $1.0 billion,
at which point the CQP 2025 Notes will remain senior but become
unsecured.
The offer of the CQP 2025 Notes has not been registered under
the Securities Act of 1933, as amended (the "Securities Act") and
the CQP 2025 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 or present facts or conditions, 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.
Contacts
Investors:
|
|
Randy
Bhatia
|
713-375-5479
|
Megan
Light
|
713-375-5492
|
|
|
Media:
|
|
Eben
Burnham-Snyder
|
713-375-5764
|
View original
content:http://www.prnewswire.com/news-releases/cheniere-partners-announces-upsize-and-pricing-of-15-billion-senior-notes-due-2025-300518138.html
SOURCE Cheniere Energy Partners, L.P.