Cheniere Energy Partners, L.P. (CQP) announced its subsidiary, Sabine Pass Liquefaction, intends to offer $0.5 billion principal amount of Senior Secured Notes due 2021 and $1.0 billion principal amount of Senior Secured Notes due 2023, collectively. The SPL 2021 Notes will constitute a further issuance of and will form a single series with the 5.625% Senior Secured Notes due 2021 that were issued by Sabine Liquefaction on February 1, 2013.
Sabine intends to use the net proceeds to pay capital costs in connection with the construction of the first two LNG liquefaction trains at its facility in Cameron Parish, Louisiana and fees and expenses incurred associated with the offering.
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