Cheniere Energy Partners LP
CQP:NYSE MKT LLC
| Last | Change / % Change | Dividend Yield | Volume |
| 22.88 | 0.12 0.53% | 7.43% | 192,455 |
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Latest News Headlines for Cheniere Energy Partners LP
Cheniere Partners Announces Pricing of $420 Million Senior Secured Notes Offering by Sabine Pass LNG
Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE MKT: CQP) announced today that its wholly owned subsidiary, Sabine Pass LNG, L.P. ("Sabine Pass LNG"), has priced its previously announced offering of Senior Secured Notes due 2020 ("2020 Notes"). The 2020 Notes will bear interest at a rate of 6.50% per annum and will mature on November 1, 2020. The 2020 Notes are priced at par and the closing of the offering is expected to occur on October 16, 2012.
Cheniere Partners Announces Offering of $420 Million Senior Secured Notes due 2020 by Sabine Pass LNG
Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE MKT: CQP) announced today that its wholly owned subsidiary, Sabine Pass LNG, L.P. ("SPLNG" or "Sabine Pass LNG"), intends to offer, subject to market and other conditions, $420 million principal amount of Senior Secured Notes due 2020 ("2020 Notes") .
Cheniere Partners Announces Sabine Pass LNG's Tender Offer for Sabine Pass LNG's Outstanding 7.25% Senior Secured Notes
View more recent headlinesCheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE MKT: CQP) announced today that its wholly owned subsidiary, Sabine Pass LNG, L.P. ("SPLNG" or "Sabine Pass LNG"), has commenced a cash tender offer for any and all of its $550 million outstanding 7.25% Senior Secured Notes due 2013 ("Notes"). The terms and conditions of the tender offer are described in an Offer to Purchase dated October 1, 2012 (the "Offer to Purchase"), and in a related Letter of Transmittal, which are being sent to holders of the Notes.
Company Background
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc. (Cheniere). Through its wholly owned subsidiary, Sabine Pass LNG, it owns and operates the Sabine Pass LNG terminal located in western Cameron Parish, Louisiana on the Sabine Pass Channel. The Sabine Pass LNG terminal has regasification capacity of approximately four billion cubic feet per day and five liquid natural gas (LNG) storage tanks with an aggregate LNG storage capacity of approximately 16.9 billion cubic feet along with two unloading docks capable of handling the LNG carriers. Approximately one-half of the receiving capacity at the Sabine Pass LNG terminal is contracted to two international oil companies. The Company is developing a project to add liquefaction capabilities at the Sabine Pass LNG terminal through a wholly owned subsidiary, Sabine Pass Liquefaction, LLC (Sabine Pass Liquefaction). It has long-term leases for five tracts of land consisting of 1,015 acres.
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 22.76 | Previous Close 22.76 |
Day High 22.95 | Day Low 22.7008 |
52wk High/Date 27.47 / 4/26/2012 | 52wk Low/Date 12.311 / 10/5/2011 |
Beta (5 Yr) 0.7 | Market Capitalization 4.0B |
Shares Outstanding 174.9M | Volatility Avg 40.58 |
Avg Vol(10 day) 508.2K | P/E Ratio Not Meaningful |
EPS(TTM) -0.39 | Yield 7.43% |
Dividend Announcement 7/20/2012 | Ex-Date 7/30/2012 |
Payable 0.425 - QRTR | Payable Date 8/14/2012 |
Date of Record 8/1/2012 | |
Last Trade as of 10/5/2012 4:01 PM ET | |
CQP Cheniere Energy Partners LP vs. Peers
| Peers | |
|---|---|
CQP Cheniere Energy Partners LP | 26.97% |
Chevron Corporation | 10.43% |
Energen Corporation | 2.86% |
CQP Cheniere Energy Partners LP | 7.43% |
Chevron Corporation | 3.06% |
Energen Corporation | 1.09% |
CQP Cheniere Energy Partners LP | 0.53% |
Chevron Corporation | 0.30% |
Energen Corporation | -1.10% |