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Cheniere Energy Partners upsizes senior notes offering to $1.5B

Cheniere Energy Inc. subsidiary Cheniere Energy Partners LP upsized and priced its previously announced offering of senior notes due 2029, boosting the offering from $1 billion to $1.50 billion.

The senior notes would bear interest at a 4.500% rate per year and mature on Oct. 1, 2029, according to a Sept. 9 news release.

Cheniere Energy Partners would use the proceeds in part to prepay all of its outstanding term loans under its senior unsecured credit facilities, which are due in 2024. The partnership also plans to use the funds for future capital spending connected to the construction of the sixth train at the partnership's Sabine Pass liquefaction project, which received a final investment decision in June, among other expenses.

The offering, which is expected to close on Sept. 12, would rank equally in right of payment with Cheniere Energy Partner's existing senior notes, including those due in 2025 and in 2026.