Cheniere Energy Partners has announced the pricing of its senior notes due in 2035, known as the CQP 2035 Notes.
These notes will carry an interest rate of 5.550% per annum and are set to mature on 30 October 2035. The CQP 2035 Notes are being issued at 99.731% of their par value.
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The company expects the closing of this offering to take place on 10 July 2025.
Cheniere Partners has outlined its intention to use the proceeds from this offering to support its subsidiary Sabine Pass Liquefaction.
Specifically, the funds will be allocated to redeem a portion of the outstanding principal amount of Sabine Pass Liquefaction’s senior secured notes due in 2026, referred to as the SPL 2026 Notes.
Sabine Pass Liquefaction has a liquefied natural gas (LNG) production capacity of approximately 30 million tonnes per annum. Since commencing operations, the facility has produced more than 2,930 LNG cargoes with six trains.
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By GlobalDataPositioned less than four nautical miles from the Gulf of Mexico, the facility offers easy vessel access and departure. Additionally, it is well-connected with various interstate and intrastate pipelines, ensuring a reliable and varied supply of natural gas.
The newly priced CQP 2035 Notes will be on an equal footing in terms of payment rights with existing senior notes at Cheniere Partners. This includes the senior notes due in the years 2029, 2031, 2032, 2033 and 2034.
Earlier this week, Cheniere Energy announced a positive final investment decision for the expansion of the Corpus Christi LNG facility in San Patricio County, Texas, US.
