We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Cheniere Energy Partners LP | AMEX:CQP | AMEX | Trust |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 51.88 | 0 | 01:00:00 |
On Nov 18, Cheniere Energy Partners LP (CQP), a publicly traded partnership, declared that Sabine Pass Liquefaction LLC (Sabine Liquefaction) has priced senior secured notes worth $1.0 billion. Sabine Liquefaction, a fully owned affiliate of CQP, expects the offering to close by Nov 25, 2013.
The notes, which are scheduled to mature by Mar 15, 2022, will carry an interest rate of 6.25% and will likely be priced at 100% of their face value.
The proceeds from the notes offering are expected to be utilized to bear expenses related to the manufacturing of the first four liquefaction trains at Cameron Parish, La.-based facility of Sabine Liquefaction. Moreover, the proceeds will be used to pay a part of the $5.9 billion debt under the credit facilities of Sabine Liquefaction and to shell out the cost connected with the notes offering.
The news was declared in the press release of CQP after the close of market on Nov 18, 2013. The partnership opened at $29.31 per unit the following day, reflecting a negligible change compared with the closing price of $29.30 per unit on Nov 18.
Houston, Texas-based CQP, a subsidiary of Cheniere Energy Inc. (LNG), is the owner and operator of the western Cameron Parish, La.-based Sabine Pass liquefied natural gas (LNG) terminal.
CQP currently holds a Zacks Rank #3 (Hold), implying that it is expected to perform in line with the broader U.S. equity market over the next one to three months.
Meanwhile, one can look at better-performing firms in the energy sector like Harvest Natural Resources Inc. (HNR) and Matador Resources Company (MTDR). Both the stocks sport a Zacks Rank #1 (Strong Buy).
1 Year Cheniere Energy Partners Chart |
1 Month Cheniere Energy Partners Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions