Chadbourne & Parke represented Credit Suisse and HSBC as initial purchasers of Sabine Pass LNG’s $420 million Senior Secured Notes due 2020. Chadbourne also represented Credit Suisse as dealer/manager in connection with a concurrent $550 million tender offer for the Company’s outstanding 7.25% Senior Secured Notes due 2013. Sabine Pass LNG is an indirect wholly-owned subsidiary of Cheniere Energy Partners, L.P.
Cheniere Energy Partners, through its subsidiaries Sabine Pass LNG and Sabine Pass Liquefaction is converting the Sabine Pass LNG Terminal located in Cameron Parish, La, into a facility capable of liquefying and exporting domestic U.S. natural gas in addition to importing and regasifying foreign-sourced LNG. This world-class project will be the first LNG terminal in the world capable of both importing and regasifying LNG and liquefying and exporting natural gas.
Working on the transaction for Chadbourne were partners Charles Hord, Sey-Hyo Lee, Noam Ayali, Ben Koenigsberg, William Cavanagh and Ted Zink, together with counsels Donna Bobbish, Sue Cowell, Scott Bank and Christy Rivera, and associates Gabi Sakamoto, Coleman Miller, Tom Watson, Patrick Narvaez, Rebecca Abou-Chedid, Rodion Yemelyanenko and Kevin Prokup.
