secwatch / observer
8-K filed June 26, 2023, 7:59 PM ET ticker CQP CIK 0001383650
debt confidence high sentiment neutral materiality 0.60

Cheniere Energy Partners, L.P. (CQP): debt financing — CQP and SPL enter new $1B revolving credit facilities, maturing June 2028, with improved terms

Cheniere Energy Partners, L.P.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.8

Cheniere Energy Partners, L.P. incurred revolving credit of $1 billion with MUFG Bank, Ltd. (coordinating lead arranger); Bank of Nova Scotia (senior facility agent); Société Générale (common security trustee); various lenders and issuing banks at Variable rate; reduced from prior facility; specific margins not disclosed in ex maturing Extended from March 19, 2020; new maturity not specified in excerpt.

Instrument
revolving credit
Principal
$1 billion
Counterparty
MUFG Bank, Ltd. (coordinating lead arranger); Bank of Nova Scotia (senior facility agent); Société Générale (common security trustee); various lenders and issuing banks
Rate
Variable rate; reduced from prior facility; specific margins not disclosed in ex
Maturity
Extended from March 19, 2020; new maturity not specified in excerpt
Event
incurrence
Exact text from the filing
On June 23, 2023, Sabine Pass Liquefaction, LLC (“ SPL ”), a wholly-owned subsidiary of CQP, entered into a $1 billion Senior Secured Revolving Credit and Guaranty Agreement among SPL, as borrower, various lenders (the “ SPL Lenders ”) and issuing banks, MUFG Bank, Ltd., as coordinating lead arranger, the Bank of Nova Scotia, as senior facility agent and Société Générale, as common security trustee for the SPL Lenders (the “ SPL Revolving Credit Facility ”). The SPL Revolving Credit Facility refinances and replaces SPL’s existing revolving credit facility, dated as of March 19, 2020, to, among other things, (i) extend the maturity date thereunder, (ii) reduce the rate of interest and commitment fees applicable thereunder, and (iii) make certain other changes to the terms and conditions of the existing revolving credit facility.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Cheniere Energy Partners, L.P. entered into CQP Senior Unsecured Revolving Credit and Guaranty Agreement with CQP (borrower), certain subsidiaries (guarantors), various lenders and issuing banks, MUFG Bank, Ltd. (coordinating lead arranger and administrative agent), SG Americas Securities, LLC (joint bookrunner) valued at $1 billion (effective 2023-06-23).

Action
entry
Agreement
credit facility
Counterparty
CQP (borrower), certain subsidiaries (guarantors), various lenders and issuing banks, MUFG Bank, Ltd. (coordinating lead arranger and administrative agent), SG Americas Securities, LLC (joint bookrunner)
Value
$1 billion
Effective
2023-06-23
Exact text from the filing
On June 23, 2023, Cheniere Energy Partners, L.P. (“ CQP ”) entered into a $1 billion Senior Unsecured Revolving Credit and Guaranty Agreement among CQP, as borrower, certain subsidiaries of CQP, as subsidiary guarantors, various lenders (the “ CQP Lenders ”) and issuing banks, MUFG Bank, Ltd., as coordinating lead arranger, joint bookrunner and administrative agent, and SG Americas Securities, LLC as joint bookrunner for the CQP Lenders (the “ CQP Revolving Credit Facility ”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Cheniere Energy Partners, L.P. entered into SPL Senior Secured Revolving Credit and Guaranty Agreement with SPL (borrower), various lenders and issuing banks, MUFG Bank, Ltd. (coordinating lead arranger), Bank of Nova Scotia (senior facility agent), Société Générale (common security trustee) valued at $1 billion (effective 2023-06-23).

Action
entry
Agreement
credit facility
Counterparty
SPL (borrower), various lenders and issuing banks, MUFG Bank, Ltd. (coordinating lead arranger), Bank of Nova Scotia (senior facility agent), Société Générale (common security trustee)
Value
$1 billion
Effective
2023-06-23
Exact text from the filing
On June 23, 2023, Sabine Pass Liquefaction, LLC (“ SPL ”), a wholly-owned subsidiary of CQP, entered into a $1 billion Senior Secured Revolving Credit and Guaranty Agreement among SPL, as borrower, various lenders (the “ SPL Lenders ”) and issuing banks, MUFG Bank, Ltd., as coordinating lead arranger, the Bank of Nova Scotia, as senior facility agent and Société Générale, as common security trustee for the SPL Lenders (the “ SPL Revolving Credit Facility ”).
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-23-175104
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