Cheniere’s unit cashes in $800 mln, plans new $1.35 bln offering

Cheniere's unit cashes in $800 mln, plans new $1.35 bln offering
Image courtesy of Cheniere

US LNG export player Cheniere said its Sabine Pass Liquefaction unit plans to offer US$1.35 billion senior notes due 2028. 

The latest issuance of notes follows the close of an $800 million notes private placement which will be used to prepay all of the principal amounts currently outstanding under Sabine Pass Liquefaction’s credit facilities.

In addition, Cheniere intends to use the proceeds to pay capital costs in connection with the construction of Trains 1 through 5 of the Sabine Pass liquefaction project.

Cheniere added in its latest statement that the net proceeds from the $1.35 billion offering will also be used to pay capital costs in connection with the construction of Trains 1 through 5 at the Sabine Pass liquefaction project.

It will also reduce commitments on a ratable basis under its credit facilities of approximately $1.2 billion.

 

LNG World News Staff

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