Cheniere Energy Partners LP
Description
Intends to offer $1.1 billion principal amount of senior notes due 2026.
Cheniere Partners intends to use the net proceeds from the offering, after deducting the initial purchasers’ discounts and commissions and estimated fees and expenses related to the CQP 2026 Notes, to prepay all of the outstanding term loans of approximately $1.1 billion under its senior secured credit facilities due 2020. After applying the proceeds from this offering, only a $115 million working capital facility, which is currently undrawn, will remain as part of the CQP Credit Facilities, and both the CQP 2026 Notes and Cheniere Partners’ outstanding senior notes due 2025 will become unsecured.