Cheniere Partners Announces Offering of $1.0 billion Senior Notes due 2031
Cheniere Energy Partners, L.P. (NYSE American: CQP) has announced its intention to offer $1.0 billion principal amount of Senior Notes due 2031 (the "CQP 2031 Notes"). The proceeds will be used to refinance existing senior notes due 2025 and cover related fees. The CQP 2031 Notes will rank equally with existing senior notes. The offering has not been registered under the Securities Act of 1933, and sales may be restricted without proper registration or exemption. Forward-looking statements in the release highlight planned business strategies and potential risks.
- Cheniere Partners is raising $1.0 billion through the CQP 2031 Notes offering.
- Proceeds will refinance a portion of existing debt, potentially reducing financial burden.
- The offering's registration status may limit the ability to sell the CQP 2031 Notes.
- Forward-looking statements involve risks and uncertainties that could impact expectations.
Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE American: CQP) announced today that it intends to offer, subject to market and other conditions,
Cheniere Partners intends to use the proceeds from the offering (after deducting the initial purchasers’ discounts, estimated fees and expenses), together with cash on hand, to refinance a portion of Cheniere Partners’ outstanding senior notes due 2025 (the “CQP 2025 Notes”) and to pay fees and expenses in connection with the refinancing. This press release does not constitute an offer to purchase or a solicitation of an offer to sell the CQP 2025 Notes. The CQP 2031 Notes will rank pari passu in right of payment with the existing senior notes at CQP, including the CQP 2025 Notes, the senior notes due 2026 and the senior notes due 2029.
The offer of the CQP 2031 Notes has not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and the CQP 2031 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, 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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FAQ
What is the purpose of the CQP 2031 Notes offering by Cheniere Partners?
When will the CQP 2031 Notes mature?
What will happen to the existing debt after refinancing?
Are the CQP 2031 Notes registered under the Securities Act?
What risks are associated with the forward-looking statements in the press release?
