Loan & DebtMay 27, 2026, 08:12 AM
Cheniere Partners Prices $1.75B Senior Notes; Redeems $1.5B SPL 2027 Notes
AI Summary
Cheniere Energy Partners, L.P. announced the pricing of $1 billion aggregate principal amount of 5.350% Senior Notes due 2036 and $750 million aggregate principal amount of 6.050% Senior Notes due 2056. The 2036 Notes were priced at 99.511% of par and the 2056 Notes at 99.698% of par. The company intends to use the gross proceeds from this $1.75 billion offering, along with cash on hand, to redeem $1.5 billion of Sabine Pass Liquefaction, LLC's outstanding 5.00% Senior Secured Notes due 2027.
Key Highlights
- Cheniere Partners priced $1 billion of 5.350% Senior Notes due 2036 at 99.511% of par.
- Cheniere Partners priced $750 million of 6.050% Senior Notes due 2056 at 99.698% of par.
- Total aggregate principal amount of new notes issued is $1.75 billion.
- Sabine Pass Liquefaction, LLC (a subsidiary) issued an irrevocable notice to redeem $1.5 billion of its 5.00% Senior Secured Notes due 2027.
- Proceeds from the new notes offering will fund the redemption of the 2027 SPL Notes and for general partnership purposes.
- Closing of the new notes offering is expected on June 9, 2026.
Price Impact
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