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Cheniere Energy Partners prices $1.1B senior note offering

Cheniere Energy Partners LP priced its offering of $1.1 billion of senior notes due 2026 at par, with an annual interest rate of 5.625%.

The partnership said it will use the net proceeds from the notes, to mature Oct. 1, 2026, to prepay all outstanding term loans of the same amount under its senior secured credit facilities due 2020.

Following the prepayments, Cheniere Energy Partners would have a $115 million undrawn working capital facility and the 2026 notes and outstanding senior notes due 2025 would become unsecured, according to a Sept. 6 news release.

The Cheniere Energy Inc. LNG operator is commissioning the first train at its Corpus Christi LNG export terminal, while its pioneering facility Sabine Pass in Louisiana is set to introduce feed gas into its fifth liquefaction train.