Cheniere Energy Partners LP will offer $1.0 billion principal amount of senior notes due 2029 in part to fund the construction of the sixth natural gas liquefaction train at its Sabine Pass LNG export terminal in Louisiana.
The partnership will also use proceeds from the offering to prepay all outstanding term loans under its senior secured credit facilities due 2024 and for general corporate purposes, according to a Sept. 9 news release.
After applying the proceeds, the Cheniere Energy Inc. subsidiary will only have an undrawn $750 million revolver under its credit facilities. The offering has not yet been registered under the Securities Act of 1933.
Cheniere Energy Partners said in June that it made a final investment decision to proceed with building the sixth train.
