Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sabine Pass LNG GP LLC > News item |
Moody's: Sabine Pass notes B1
Moody's Investors Service said it assigned a B1 rating to Sabine Pass LNG's new $420 million senior secured notes due 2020.
Moody's also affirmed Sabine Pass Liquefaction, LLC's Ba3 on its $3.6 billion seven-year first-lien bank term loan and Sabine Pass LNG's B1 rating on its $2.2 billion in senior secured notes.
Sabine Pass LNG's outlook was revised to stable and the rating outlook for Sabine Pass Liquefaction remains stable.
The proceeds from the $420 million debt issuance along with a portion of the equity offering made by Cheniere Energy Partners are expected to refinance Sabine Pass LNG's November 2013 debt maturity totaling $550 million, pay a tender premium and pay for transaction costs.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.