Law360, New York (October 04, 2012, 4:42 PM ET) -- Sabine Pass LNG, the Cheniere Energy Partners LP subsidiary angling to become the first exporter of U.S. liquefied natural gas, priced $420 million in senior notes at 6.5 percent this week to refinance maturing debt as it continues to advance its $11 billion project.
Cheniere said it will use the proceeds plus $194 million from a share offering late last month to repurchase up to $550 million in 7.25 percent senior secured notes that will come due next year. The company expects to issue the new...
Sabine Pass LNG Plans $420M Debt Raise
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