Cheniere Partners Announces Offering of $1.0 Billion Senior Secured Notes due
2022 by Sabine Pass Liquefaction
HOUSTON, Nov. 18, 2013
HOUSTON, Nov. 18, 2013 /PRNewswire/ -- Cheniere Energy Partners, L.P.
("Cheniere Partners") (NYSE MKT: CQP) announced today that its wholly owned
subsidiary, Sabine Pass Liquefaction, LLC ("Sabine Liquefaction"), intends to
offer, subject to market and other conditions, $1.0 billion principal amount
of Senior Secured Notes due 2022 ("SPL 2022 Notes").
Sabine Liquefaction intends to use the net proceeds from the offering to pay
capital costs in connection with the construction of the first four
liquefaction trains at its facility in Cameron Parish, Louisiana and fees and
expenses incurred associated with the offering. The net proceeds will be used
to reduce commitments on a ratable basis under Sabine Liquefaction's four
credit facilities totaling $5.9 billion (collectively, the "2013 Liquefaction
Credit Facilities"). The SPL 2022 Notes are pari passu in right of payment
with all existing and future senior indebtedness of Sabine Liquefaction,
including borrowings under the 2013 Liquefaction Credit Facilities and its
outstanding senior secured notes due 2021 and 2023.
The offer of the SPL 2022 Notes has not been registered under the Securities
Act of 1933, as amended (the "Securities Act") and the SPL 2022 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: 713-375-5104, Nancy Bui: 713-375-5280,
Media: Diane Haggard: 713-375-5259
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