Sabine Pass Liquefaction Closes USD 1.5 Billion Private Placement, USA
Cheniere Energy Partners said that its wholly owned subsidiary, Sabine Pass Liquefaction, has closed the previously announced private placement of $1.5 billion aggregate principal amount of its 5.625% Senior Secured Notes due 2021.
Sabine Liquefaction intends to use the net proceeds from the offering to pay capital costs in connection with the construction of the first two LNG liquefaction trains at its facility in Cameron Parish, Louisiana and fees and expenses incurred in connection with the offering.
The net proceeds will be used in lieu of a portion of Sabine Liquefaction’s $3.6 billion Term Loan A Credit Facility.
The SPL 2021 Notes are pari passu in right of payment with all existing and future Senior Debt of Sabine Liquefaction, including borrowings under the Term Loan A Credit Agreement.
LNG World News Staff, February 04, 2013; Image: Cheniere