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Cheniere to redeem, repay $2.12 billion secured notes due 2016, 2020
By Susanna Moon
Chicago, Jan. 25 – Cheniere Energy Partners, LP said it will redeem or repay the $1.7 billion of senior secured notes due 2016 and $420 million senior secured notes due 2020 issued by Sabine Pass LNG, LP.
Funding for the redemptions will come from proceeds of up to $2.8 billion of senior secured credit facilities, according to a company press release.
Proceeds also will be used to prepay the $400 million senior secured term loan of Cheniere Creole Trail Pipeline, LP and for general business purposes.
Sabine and Cheniere Creole are both wholly owned subsidiaries of Cheniere Partners.
Cheniere is a Houston-based energy company focused primarily on LNG-related businesses. It owns and operates the Sabine Pass LNG terminal and Creole Trail Pipeline in Louisiana.
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