Cheniere Partners eyes $1B senior notes offering

Cheniere Energy Partners LP (NYSE American: CQP) intends to offer, subject to market and other conditions, $1.0 billion principal amount of senior notes due 2025.

Cheniere Partners intends to use the net proceeds from the offering, after deducting the initial purchasers' commissions and estimated fees and expenses related to the CQP 2025 Notes, to prepay a portion of the outstanding Term Loan indebtedness under its credit facilities. The CQP 2025 notes will be secured pari passu with all existing and future senior secured indebtedness of Cheniere Partners, including borrowings under the CQP credit facilities, until the drawn balance of the term loans under the CQP credit facilities is reduced to less than or equal to $1.0 billion, at which point the CQP 2025 notes will remain senior but become unsecured.



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