Cheniere to offer USD 1 bln notes to fund Sabine Pass LNG project

Cheniere to offer USD 1 bln notes to fund Sabine Pass LNG project

Cheniere Energy Partners said that its Sabine Pass Liquefaction unit, intends to offer, $1.0 billion principal amount of Senior Secured Notes due 2025.

Sabine Pass Liquefaction intends to use the net proceeds from the offering to pay capital costs in connection with the construction of the first four liquefaction trains at its facility in Cameron Parish, Louisiana and to pay fees and expenses associated with the offering, the company said in a statement.

In connection with the offering, Sabine Pass Liquefaction will reduce commitments on a ratable basis under its four credit facilities totaling approximately $2.7 billion.

Cheniere Energy informed that the project completion for the Stage 1 (Train 1 and 2) and Stage 2 ( Train 3 and 4) of the Sabine Pass Liquefaction project are at 83.1% and 56.5%, respectively.

Image: Cheniere

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