debt
confidence high
sentiment neutral
materiality 0.50
Cheniere Partners prices $1.4B 5.95% Senior Notes due 2033; proceeds to redeem 2024 notes
Cheniere Energy Partners, L.P.
- $1.4B aggregate principal of 5.95% Senior Notes due June 30, 2033, issued at 99.774% of par.
- Closing expected June 21, 2023; proceeds to redeem $1.4B of Sabine Pass 5.75% Senior Secured Notes due 2024.
- New notes rank pari passu with existing CQP senior notes due 2029, 2031, and 2032.
- Redemption price for 2024 notes is greater of par or discounted present value plus 50 bps spread.
- Morgan Stanley & Co. LLC acted as representative of the initial purchasers.