Cheniere Partners Announces Offering of Senior Notes due 2034

Rhea-AI Summary

Cheniere Energy Partners, L.P. announced the offering of Senior Notes due 2034, with proceeds to be used to redeem a portion of existing senior secured notes. The offering does not constitute an offer to purchase or solicitation to sell existing notes. The CQP 2034 Notes will rank equally in right of payment with existing senior notes. The offering has not been registered under the Securities Act and may not be offered or sold in the U.S. without registration or exemption.

HOUSTON--(BUSINESS WIRE)-- Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE: CQP) announced today that it intends to offer, subject to market and other conditions, Senior Notes due 2034 (the “CQP 2034 Notes”).

Cheniere Partners intends to contribute the proceeds from the offering to its subsidiary, Sabine Pass Liquefaction, LLC, to be used to redeem a portion of the outstanding aggregate principal amount of its senior secured notes due 2025 (the “SPL 2025 Notes”). This press release does not constitute an offer to purchase or a solicitation of an offer to sell the SPL 2025 Notes or a notice of redemption under the indenture governing the SPL 2025 Notes. The CQP 2034 Notes will rank pari passu in right of payment with existing senior notes at Cheniere Partners, including the senior notes due 2029, the senior notes due 2031, the senior notes due 2032 and the senior notes due 2033.

The offer of the CQP 2034 Notes has not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and the CQP 2034 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.

Forward-Looking Statements

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, (i) statements regarding Cheniere Partners’ financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding Cheniere Partners’ anticipated quarterly distributions and ability to make quarterly distributions at the base amount or any amount, (iii) statements regarding regulatory authorization and approval expectations, (iv) statements expressing beliefs and expectations regarding the development of Cheniere Partners’ LNG terminal and liquefaction business, (v) statements regarding the business operations and prospects of third-parties, (vi) statements regarding potential financing arrangements, (vii) statements regarding future discussions and entry into contracts, and (viii) statements relating to our goals, commitments and strategies in relation to environmental matters. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240507684801/en/

Cheniere Energy Partners, L.P.

Investors

Randy Bhatia, 713-375-5479

Frances Smith, 713-375-5753



Media Relations

Eben Burnham-Snyder, 713-375-5764

Bernardo Fallas, 713-375-5593

Source: Cheniere Energy Partners, L.P.

FAQ

What did Cheniere Energy Partners announce?

Cheniere Energy Partners announced the offering of Senior Notes due 2034.

What will the proceeds from the offering be used for?

The proceeds from the offering will be used to redeem a portion of the outstanding aggregate principal amount of its senior secured notes due 2025.

What is mentioned about the CQP 2034 Notes in the press release?

The CQP 2034 Notes will rank pari passu in right of payment with existing senior notes at Cheniere Partners.

Has the offer of the CQP 2034 Notes been registered under the Securities Act?

No, the offer of the CQP 2034 Notes has not been registered under the Securities Act.

Can the CQP 2034 Notes be offered or sold in the United States?

The CQP 2034 Notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption.