USA: Sabine Pass Liquefaction Prices Senior Notes Offering, USA
Posted on Jan 30th, 2013
Cheniere Energy Partners said that its wholly owned subsidiary, Sabine Pass Liquefaction has priced its previously announced offering of Senior Secured Notes due 2021.
http://www.lngworldnews.com/usa-sabine-pass-liquefaction-prices-senior-notes-offering-usa/
The SPL 2021 Notes were upsized from $1 billion to $1.5 billion. The SPL 2021 Notes will bear interest at a rate of 5.625% per annum and will mature on February 1, 2021. The SPL 2021 Notes are priced at par and the closing of the offering is expected to occur on February 1, 2013.
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 associated 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.
http://www.lngworldnews.com/usa-sabine-pass-liquefaction-prices-senior-notes-offering-usa/
No comments:
Post a Comment