Cheniere Partners in $1 billion offering

Cheniere Energy Partners, a limited partnership formed by the US LNG export player Cheniere, intends to offer $1 billion principal amount of senior secured notes due 2025.

The partnership intends to use the net proceeds from the offering to prepay a portion of the outstanding term loan indebtedness under its credit facilities.

The notes will be secured pari passu with all existing and future senior secured indebtedness of Cheniere Partners, including borrowings under the company’s credit facilities, Cheniere Partners said in its statement.

Cheniere started exporting LNG worldwide in February last year from its Sabine Pass export terminal in Louisiana, currently the only such facility to export US shale gas overseas. Since then, it has exported more than 170 cargoes worldwide.