Cheniere Partners Announces Pricing of $420 Million Senior Secured Notes
Offering by Sabine Pass LNG
HOUSTON, Oct. 2, 2012
HOUSTON, Oct. 2, 2012 /PRNewswire/ --Cheniere Energy Partners, L.P.
("Cheniere Partners") (NYSE MKT: CQP) announced today that its wholly owned
subsidiary, Sabine Pass LNG, L.P. ("Sabine Pass LNG"), has priced its
previously announced offering of Senior Secured Notes due 2020 ("2020
Notes"). The 2020 Notes will bear interest at a rate of 6.50% per annum and
will mature on November 1, 2020. The 2020 Notes are priced at par and the
closing of the offering is expected to occur on October 16, 2012.
Sabine Pass LNG intends to use the net proceeds from this offering plus the
net proceeds of up to approximately $194 million from the recently closed
equity offering of Cheniere Partners' common units to fund its tender offer
for its 7.25% Senior Secured Notes due 2013.
The 2020 Notes will be offered in a private placement and are expected to be
resold by the initial purchasers to qualified institutional buyers under Rule
144A and Regulation S under the Securities Act of 1933, as amended (the
"Securities Act"). The offer of the 2020 Notes will be made only by means of
an offering circular to qualified investors and has not been registered under
the Securities Act, and the 2020 Notes may not be offered or sold in the
United States absent registration under the Securities Act or an applicable
exemption from the registration requirements of the Securities Act.
This press release shall not constitute an offer to sell or a solicitation of
an offer to buy nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale of these securities
would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction.
This press release contains certain statements that may include
"forward-looking statements" within the meanings of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
All statements, other than statements of historical fact, included herein are
"forward-looking statements." Included among "forward-looking statements" are,
among other things, statements regarding Cheniere Partners' business strategy,
plans and objectives, including the use of proceeds from the offering.
Although Cheniere Partners believes that the expectations reflected in these
forward-looking statements are reasonable, they do involve assumptions, risks
and uncertainties, and these expectations may prove to be incorrect. Cheniere
Partners' actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of factors,
including those discussed in Cheniere Partners' periodic reports that are
filed with and available from the Securities and Exchange Commission. You
should not place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. Other than as required under
the securities laws, Cheniere Partners does not assume a duty to update these
SOURCE Cheniere Energy Partners, L.P.
Contact: Investors, Christina Burke, +1-713-375-5104, Nancy Bui,
+1-713-375-5280, or Media, Diane Haggard, +1-713-375-5259
Press spacebar to pause and continue. Press esc to stop.