Sabine Pass LNG Closes USD 420 Million Private Placement, USA

Sabine Pass LNG Closes USD 420 Million Private Placement

Cheniere Energy announced that its wholly owned subsidiary, Sabine Pass LNG (SPLNG), closed a private placement of $420 million aggregate principal amount of its 6.5% Senior Secured Notes due 2020.

SPLNG intends to use the net proceeds from this offering plus a portion of the net proceeds from the recently closed equity offering of Cheniere Partners’ common units to fund its tender offer for its 7.25% Senior Secured Notes due 2013.

The 2020 Notes were offered in a private placement and will be resold by the initial purchasers to qualified institutional buyers under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).

LNG World News Staff, October 17, 2012; Image: Cheniere


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