Finance - Debt
The company said it expects to finance the remainder of its 2015 capex budget with cash flow from operations and available capacity on its first lien credit facility.
Proceeds will be used to repay indebtedness, which may include amounts outstanding under the partnership’s commercial paper program and credit facility.
Proceeds will be used to pay capital costs for the construction of the first four liquefaction trains at Sabine Pass' facility in Cameron Parish, La.
Proceeds will be used for general partnership purposes and to repay borrowings outstanding under its revolving credit facility, if any, and its commercial paper program.
It would its biggest offering since oil prices plunged 53%.
The Fund is an unlisted investment company that will invest primarily in a global portfolio of privately originated energy company and project debt.
The notes are due 2023.
About $32 million in second-lien financing was also part of the exit financing.
The offer is scheduled to close Feb. 11.
The facility will support acquisitions, capex, working capital and general corporate purposes.
Rosneft is gathering funds to pay back $7.1 billion of loans due Feb. 13.
The company is actively pursuing options to secure funding through a corporate combination or project financing arrangement.