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Sabine Pass/Cheniere sets Wednesday morning investor call for $1 billion bond offering
By Paul A. Harris
Portland, Ore., Jan. 22 - Sabine Pass Liquefaction, LLC, a subsidiary of Cheniere Energy Partners, LP, plans to host an investor call at 10:30 a.m. ET on Wednesday to discuss its $1 billion offering of non-callable eight-year senior secured notes (expected ratings Ba3/BB+), according to a syndicate source.
A roadshow will ensue, with stops in New York, Boston and Chicago.
The deal is expected to price early in the week ahead.
Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, RBC Capital Markets, Deutsche Bank Securities Inc., SG CIB, Standard Chartered Bank, HSBC Securities (USA) LLC, J.P. Morgan Securities LLC, Mitsubishi UFJ Securities and Credit Agricole CIB are the joint bookrunners.
ING, Lloyds Securities, Banco Santander and Scotia Capital are the joint lead managers.
Mizuho Securities is the co-manager.
The Rule 144A with registration rights notes have a make-whole call at Treasuries plus 50 bps.
The Houston-based liquid natural gas company plans to use the proceeds to pay capital costs in connection with the construction of the LNG train 1 and train 2.
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