Cheniere Energy Partners announced today that its wholly owned subsidiary, Sabine Pass LNG, has priced its previously announced offering of Senior Secured Notes due 2020.
The 2020 Notes will bear interest at a rate of 6.50% per annum and will mature on November 1, 2020.
The 2020 Notes are priced at par and the closing of the offering is expected to occur on October 16, 2012.
Sabine Pass LNG intends to use the net proceeds from this offering plus the net proceeds of up to approximately $194 million 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.
LNG World News Staff, October 2, 2012