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HOUSTON - Cheniere Energy Partners, L.P. (NYSE:CQP), a $26.5 billion market cap LNG company with a "GOOD" financial health rating according to InvestingPro, announced Wednesday it has priced its offering of Senior Notes due 2035 at an interest rate of 5.550% per annum. The notes will be issued at 99.731% of par value and are scheduled to mature on October 30, 2035, with the offering expected to close on July 10, 2025.
According to a press release statement, Cheniere Partners plans to contribute the proceeds to its subsidiary, Sabine Pass Liquefaction, LLC, which will use the funds to redeem a portion of its outstanding senior secured notes due 2026. The company currently maintains $14.8 billion in total debt, with a debt-to-capital ratio of 38%.
The newly priced 2035 notes will rank equally in right of payment with Cheniere Partners’ existing senior notes, including those due in 2029, 2031, 2032, 2033, and 2034.
The company noted that the offering has not been registered under the Securities Act of 1933 and the notes may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.
Cheniere Energy Partners is a liquefied natural gas (LNG) company that develops and operates LNG terminals and related infrastructure. The pricing of these notes represents part of the company’s ongoing debt management strategy.
In other recent news, Cheniere Energy Partners announced its intention to offer Senior Notes due in 2035. This move is part of the company’s strategy to manage its debt effectively. The proceeds from this offering will be directed to its subsidiary, Sabine Pass Liquefaction, LLC, which plans to redeem a portion of its outstanding senior secured notes due in 2026. The new notes will hold the same payment rank as Cheniere Partners’ existing senior notes, which have various due dates extending from 2029 to 2034. The offering has not been registered under the Securities Act of 1933, meaning the notes cannot be sold in the United States without proper registration or an exemption. These developments are part of Cheniere Partners’ ongoing efforts to optimize its financial structure.
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