CQP markets $700 million 10-year senior secured notes; early guidance mid-7% area yield

By Abigail W. Adams

Portland, Me., Dec. 4 – CQP Holdco LP and BIP-V Chinook Holdco LLC plan to place a $700 million offering of 10-year senior secured notes (existing B1/BB) during the Dec. 4 week with initial guidance for a yield in the mid-7% area, according to market sources.

The notes are non-callable for five years.

Morgan Stanley & Co. LLC is lead placement agent for the Section 4 (a) 2 offering.

An investor call was scheduled for 11 a.m. ET on Monday.

Proceeds will be used to refinance a portion of the company’s term loan B.

CQP Holdco is a holding company of Houston-based LNG supplier Cheniere Energy Partners.

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