Cheniere Partners Announces Upsize and Pricing of $1.5 billion Senior Notes due 2031
February 25 2021 - 5:41PM
Business Wire
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 2031 (the "CQP
2031 Notes"). The principal amount of the offering has been
increased from the initially announced $1.0 billion to $1.5
billion. The CQP 2031 Notes will bear interest at a rate of 4.00%
per annum and will mature on March 1, 2031. The CQP 2031 Notes are
priced at par, and the closing of the offering is expected to occur
on March 11, 2021.
Cheniere Partners intends to use the proceeds from the offering
(after deducting the initial purchasers’ discounts, estimated fees
and expenses), together with cash on hand, to refinance all of
Cheniere Partners’ outstanding senior notes due 2025 (the “CQP 2025
Notes”) and to pay fees and expenses in connection with the
refinancing. This press release does not constitute an offer to
purchase or a solicitation of an offer to sell the CQP 2025 Notes.
The CQP 2031 Notes will rank pari passu in right of payment with
the existing senior notes at Cheniere Partners, including the CQP
2025 Notes, the senior notes due 2026 and the senior notes due
2029.
The offer of the CQP 2031 Notes has not been registered under
the Securities Act of 1933, as amended (the "Securities Act"), and
the CQP 2031 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.
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Cheniere Partners Investors
Randy Bhatia 713-375-5479 Megan Light 713-375-5492 Media Relations Eben Burnham-Snyder 713-375-5764
Jenna Palfrey 713-375-5491
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