Summary
Cheniere Energy Partners, L.P., a subsidiary of Cheniere Energy, Inc. (LNG), successfully closed a private placement offering of $1.75 billion in aggregate principal amount of senior notes. This issuance comprises $1 billion of 5.350% Senior Notes due 2036 and $750 million of 6.050% Senior Notes due 2056. The offering was conducted on a private placement basis, utilizing exemptions under the Securities Act of 1933, specifically Section 4(a)(2) and Rules 144A/Regulation S. These new notes are senior unsecured obligations of Cheniere Partners, ranking pari passu with existing unsubordinated debt, and are unconditionally guaranteed by certain subsidiaries. The proceeds from this financing will support Cheniere Partners' operations and strategic initiatives. The company has also entered into a Registration Rights Agreement, committing to file a registration statement to permit resales of these notes under the Securities Act within 360 days, with potential penalties for delays.
Key Highlights
- 1Closed a $1.75 billion private placement offering of senior notes (2036 and 2056 maturities).
- 2Issued $1 billion in 5.350% Senior Notes due 2036.
- 3Issued $750 million in 6.050% Senior Notes due 2056.
- 4Notes are senior unsecured obligations of Cheniere Partners, guaranteed by certain subsidiaries.
- 5Financing structured as a private placement under Section 4(a)(2) and Rule 144A/Regulation S.
- 6Cheniere Partners committed to a registration rights process for resales within 360 days, with potential for additional interest if delayed.
- 7Covenants in the Notes Indenture include restrictions on liens, sale-leaseback transactions, and fundamental corporate changes.