Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE MKT: CQP) announced today that its wholly owned subsidiary , Sabine Pass Liquefaction, LLC ("Sabine Liquefaction"), intends to
offer, subject to market and other conditions, $1 billion principal amount of Senior Secured Notes due 2021 ("SPL 2021 Notes").
Sabine Liquefaction intends to use the net proceeds from the offering 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. The net proceeds will be used in
lieu of a portion of Sabine Liquefaction's $3.6 billion Term Loan A Credit
facility. The SPL 2021 Notes are pari passu in right of payment with all
existing and future Senior Debt of Sabine Liquefaction, including borrowings
under the Term Loan A Credit facility.