Cheniere’s Sabine unit to redeem all 6½% notes on Nov. 30 at 103.25

By Marisa Wong

Morgantown, W.Va., Oct. 18 – Cheniere Energy Partners, LP’s wholly owned subsidiary, Sabine Pass LNG, LP, issued a notice of redemption for all $420 million of its outstanding 6½% senior secured notes due 2020.

The notes will be redeemed on Nov. 30 at 103.25 plus accrued interest to, but excluding, the redemption date.

Concurrently with the redemption of the 6½% notes, Sabine Pass intends to repay all $1,665,000,000 of its outstanding 7½% senior secured notes due Nov. 30, 2016. The 7½% notes will be repaid at their maturity at par plus accrued interest.

The liquid natural gas company is based in Houston.

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