HOUSTON--(BUSINESS WIRE)--Sep. 6, 2018--
Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE American:
CQP) announced today that it intends to offer, subject to market and
other conditions, $1.1 billion principal amount of Senior Notes due 2026
(the "CQP 2026 Notes").
Cheniere Partners intends to use the net proceeds from the offering,
after deducting the initial purchasers’ discounts and commissions and
estimated fees and expenses related to the CQP 2026 Notes, to prepay all
of the outstanding term loans of approximately $1.1 billion under its
senior secured credit facilities due 2020 (the “CQP Credit Facilities”).
After applying the proceeds from this offering, only a $115 million
working capital facility, which is currently undrawn, will remain as
part of the CQP Credit Facilities, and both the CQP 2026 Notes and
Cheniere Partners’ outstanding senior notes due 2025 will become
The offer of the CQP 2026 Notes has not been registered under the
Securities Act of 1933, as amended (the "Securities Act") and the CQP
2026 Notes may not be offered or sold in the United States absent
registration under the Securities Act or an applicable exemption from
the registration requirements of the Securities Act. This press release
shall not constitute an offer to sell or a solicitation of an offer to
buy, nor shall there be any sale of these securities in any jurisdiction
in which such offer, solicitation or sale of these securities would be
unlawful prior to registration or qualification under the securities
laws of any such jurisdiction.
This press release contains certain statements that may include
“forward-looking statements.” All statements, other than statements of
historical or present facts or conditions, included herein are
“forward-looking statements.” Included among “forward-looking
statements” are, among other things, statements regarding Cheniere
Partners’ business strategy, plans and objectives, including the use of
proceeds from the offering. Although Cheniere Partners believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties, and
these expectations may prove to be incorrect. Cheniere Partners’ actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in Cheniere Partners’ periodic reports that
are filed with and available from the Securities and Exchange
Commission. You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. Other
than as required under the securities laws, Cheniere Partners does not
assume a duty to update these forward-looking statements.
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Source: Cheniere Energy Partners, L.P.
Cheniere Energy Partners, L.P.
Megan Light, 713-375-5492
Eben Burnham-Snyder, 713-375-5764