Price Talk

Cheniere Energy Partners will pay 5.5 percentage points over Libor on a $750 million 6.5-year term loan, part of $2 billion of term loans to help fund the expansion of an LNG facility in Louisiana. Sabrine Pass Liquefaction, a subsidiary of Cheniere energy, is looking to raise a 7-year $1.25 billion term debt that will pay 4.25 percentage points more than Libor. Both loans are expected to be sold at 95 cents on the dollar and will contain a 1.25 percent libor floor. It won’t be able to refinance during the first two years, then can do so at 102 cents in the third year and 101 cents in the fourth. Credit Suisse is arranging the financing and investors have until June 15 to commit.

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