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Cheniere Energy announces $1.35 billion secured notes due 2028
Portland, Ore., Feb. 27 – Cheniere Energy Partners, LP announced in a Monday press release that its wholly owned subsidiary, Sabine Pass Liquefaction, LLC, intends to make a private $1.35 billion offering of senior secured notes due 2028.
As previously reported, Cheniere Energy Partners, through Sabine Pass Liquefaction, settled a separate $800 million principal amount of 5% senior secured notes due 2037 in a private placement on Friday.
Those earlier notes will be fully amortizing using a fixed sculpted amortization schedule and have a weighted average life of about 15.2 years, according to a company announcement. Amortization will be deferred for the first 8.6 years until 2025.
The Houston-based LNG company plans to use the proceeds from both issues to pay capital costs in connection with the construction of Trains 1 through 5 of the Sabine Pass Liquefaction Project.
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