Cheniere Energy Partners said that its wholly owned subsidiary, Sabine Pass Liquefaction, has priced its previously announced offering of Senior Secured Notes due 2022.
The SPL 2022 Notes will bear interest at a rate of 6.25% per annum and will mature on March 15, 2022. The SPL 2022 Notes are priced at par. The closing of the offering is expected to occur on November 25.
Sabine Liquefaction intends to use the net proceeds from the offering to pay capital costs in connection with the construction of the first four liquefaction trains at its facility in Cameron Parish, Louisiana and fees and expenses incurred associated with the offering. The net proceeds will be used to reduce commitments on a ratable basis under Sabine Liquefaction’s four credit facilities totaling $5.9 billion.
[mappress] LNG World News Staff, November 19, 2013; Image: Cheniere