Cheniere Energy Partners, L.P.
("Cheniere Partners") CQP announced today the closing of its
previously announced underwritten public offering of common units representing
limited partner interests of Cheniere Partners. The previously announced
8,000,000 common units were sold to the public at a price of $25.07 per unit.
The net proceeds of the offering, after deducting underwriting discounts and
estimated offering expenses, were approximately $194.0 million. Cheniere
Partners intends to use the net proceeds from the offering to repay a portion
of the $550 million principal amount outstanding of the 7.25% Senior Secured
Notes due November 2013 that was issued by Sabine Pass LNG, L.P., our wholly
owned subsidiary, and, to the extent not so used, for general business
purposes.
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