Loan & DebtMay 27, 2026, 08:32 AM
Cheniere Partners Issues $1.75B Senior Notes; Redeems $1.5B 2027 Notes
AI Summary
Cheniere Energy Partners, L.P., a subsidiary of Cheniere Energy, Inc., entered into a Purchase Agreement to issue and sell $1 billion of 5.350% Senior Notes due 2036 and $750 million of 6.050% Senior Notes due 2056, totaling $1.75 billion. Concurrently, Sabine Pass Liquefaction, LLC, a wholly owned subsidiary, issued an irrevocable notice to fully redeem $1.5 billion of its outstanding 5.00% Senior Secured Notes due 2027. The redemption will be funded by the proceeds from the new notes and cash on hand.
Key Highlights
- Cheniere Partners issued $1 billion aggregate principal amount of 5.350% Senior Notes due 2036.
- The 2036 Notes were issued at a price equal to 99.511% of par.
- Cheniere Partners issued $750 million aggregate principal amount of 6.050% Senior Notes due 2056.
- The 2056 Notes were issued at a price equal to 99.698% of par.
- Sabine Pass Liquefaction, LLC will redeem $1.5 billion of its 5.00% Senior Secured Notes due 2027.
- The redemption price is the greater of 100% of principal or present value of remaining payments plus 50 bps over Treasury Rate.
- The redemption will be funded by gross proceeds from the new notes and cash on hand.
Price Impact
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