Cheniere Partners Announces Offering of Senior Secured Amortizing Notes due 2037 by Sabine Pass Liquefaction, LLC
November 14 2022 - 08:19AM
Business Wire
Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE
American: CQP) announced today that its subsidiary, Sabine Pass
Liquefaction, LLC (“SPL”), intends to offer, subject to market and
other conditions, $430 million principal amount of Senior Secured
Amortizing Notes due 2037 (the “SPL 2037 Notes”).
SPL intends to use the gross proceeds from the offering,
together with cash on hand, to redeem $500 million in aggregate
principal amount of SPL’s outstanding senior secured notes due 2023
(the “SPL 2023 Notes”). This press release does not constitute an
offer to purchase or a solicitation of an offer to sell the SPL
2023 Notes or a notice of redemption under the indenture governing
the SPL 2023 Notes. The SPL 2037 Notes will rank pari passu in
right of payment with all existing and future senior secured
indebtedness of SPL, including its outstanding 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 2028, senior secured notes due 2030,
existing senior secured notes due 2037 and its obligations under
its working capital facility.
The offer of the SPL 2037 Notes has not been registered under
the Securities Act of 1933, as amended (the "Securities Act") and
the SPL 2037 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, (i) statements regarding
Cheniere Partners’ financial and operational guidance, business
strategy, plans and objectives, including the development,
construction and operation of liquefaction facilities, (ii)
statements regarding Cheniere Partners’ anticipated quarterly
distributions and ability to make quarterly distributions at the
base amount or any amount, (iii) statements regarding regulatory
authorization and approval expectations, (iv) statements expressing
beliefs and expectations regarding the development of Cheniere
Partners’ LNG terminal and liquefaction business, (v) statements
regarding the business operations and prospects of third-parties,
(vi) statements regarding potential financing arrangements, and
(vii) statements regarding future discussions and entry into
contracts. 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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version on businesswire.com: https://www.businesswire.com/news/home/20221113005102/en/
Cheniere Energy Partners, L.P.
Investors Randy Bhatia 713-375-5479 Frances Smith 713-375-5753
or
Media Relations Eben Burnham-Snyder 713-375-5764 Phil West
713-375-5586
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