Cheniere Partners Reports Offering Of $1.0 Bln Notes Due 2027 By Sabine Pass

(RTTNews) - Cheniere Energy Partners L.P. (CQP) announced that its wholly owned subsidiary, Sabine Pass Liquefaction, LLC or "SPL", intends to offer, subject to market and other conditions, $1.0 billion principal amount of Senior Secured Notes due 2027.

SPL noted that it intends to use the net proceeds from the offering (after deducting the initial purchasers' commissions, estimated fees and expenses and incremental interest during construction related to the SPL 2027 Notes) to prepay a portion of the principal amounts currently outstanding under SPL's credit facilities.

The SPL 2027 Notes will rank pari passu in right of payment with all existing and future senior secured indebtedness of SPL, including borrowings under the 2015 SPL Credit Facilities, its outstanding senior secured notes due 2021, senior secured notes due 2022, senior secured notes due 2023, senior secured notes due 2024, senior secured notes due 2025, and senior secured notes due 2026 and its obligations under its working capital facility.

Separately. Cheniere Energy Inc. (LNG) said that Michael Wortley, currently Senior Vice President and Chief Financial Officer, will become Executive Vice President and Chief Financial Officer, responsible for guiding long-term financial strategy and increasing financial transparency.

Anatol Feygin, currently Senior Vice President, Strategy and Corporate Development will become Executive Vice President and Chief Commercial Officer, responsible for optimizing Cheniere's assets and margin capture by focusing on continued innovation and underwriting new liquefaction capacity.

Tom Bullis will become Executive Vice President and Chief Administrative Officer, responsible for enabling functional organizations from Human Resources and Information Technology to Supply Chain with best-in-class services that contribute to Cheniere's success.

Ed Lehotsky will become Senior Vice President, Engineering and Construction, responsible for executing on the construction of Cheniere's platform safely, on time, and on budget.

Doug Shanda will become Senior Vice President, Operations, responsible for safe, efficient, and reliable operations.

Chad Zamarin will become Senior Vice President, Pipeline, responsible for pipeline construction and operations.

Sean Markowitz will become General Counsel and Corporate Secretary, responsible for fostering a culture of compliance and communication, advising the organization as to the critical areas of legal exposure and protecting Cheniere from legal risk.

Corey Grindal will become Senior Vice President, Gas Supply, responsible for natural gas strategy, infrastructure, and operations.