Cheniere Partners Announces Pricing of $1.4 Billion Senior Notes due 2033
June 06 2023 - 4:08PM
Business Wire
Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE
American: CQP) announced today that it has priced its previously
announced offering of Senior Notes due 2033 (the “CQP 2033 Notes”).
The CQP 2033 Notes will bear interest at a rate of 5.95% per annum
and will mature on June 30, 2033. The CQP 2033 Notes were issued at
a price equal to 99.774% of par, and the closing of the offering is
expected to occur on June 21, 2023.
Cheniere Partners intends to contribute the proceeds from the
offering to its subsidiary, Sabine Pass Liquefaction, LLC, to be
used to redeem a portion of the outstanding aggregate principal
amount of its senior secured notes due 2024 (the “SPL 2024 Notes”).
This press release does not constitute an offer to purchase or a
solicitation of an offer to sell the SPL 2024 Notes or a notice of
redemption under the indenture governing the SPL 2024 Notes. The
CQP 2033 Notes will rank pari passu in right of payment with the
existing senior notes at Cheniere Partners, including the senior
notes due 2029, the senior notes due 2031, and the senior notes due
2032.
The offer of the CQP 2033 Notes has not been registered under
the Securities Act of 1933, as amended (the “Securities Act”), and
the CQP 2033 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/20230606006027/en/
Cheniere Energy Partners, L.P. Investors Randy Bhatia,
713-375-5479 Frances Smith, 713-375-5753 Media Relations Eben
Burnham-Snyder, 713-375-5764
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