Cheniere’s Sabine unit to pay down 2015 loan facilities via new issue

By Susanna Moon

Chicago, Feb. 24 – Cheniere Energy Partners, LP said wholly owned subsidiary Sabine Pass Liquefaction, LLC plans to prepay its 2015 credit facilities using proceeds of a new issue.

Sabine was set to issue $800 million principal amount of 5% senior secured notes due 2037 in a private placement, according to a company announcement.

Proceeds also will be used to pay capital costs for the construction of trains 1 through 5 of the Sabine Pass Liquefaction Project.

The liquid natural gas company is based in Houston.

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