Cheniere Energy (LNG) has issued an update.
Cheniere Energy Partners, L.P. and its guarantors have entered into an agreement with a consortium of financial institutions to sell $1.2 billion of 5.750% Senior Notes due in 2034. This strategic financial move, priced at 99.820% of par, aims to bolster the company’s liquidity position. In conjunction with this, Sabine Pass Liquefaction, LLC, a subsidiary of the Partnership, plans to redeem $1.2 billion of its existing 5.625% Senior Secured Notes using proceeds from the new offering and available cash, streamlining their debt obligations.
For a thorough assessment of LNG stock, go to TipRanks’ Stock Analysis page.