Moody's assigns a Ba1 rating to Sabine Pass Liquefaction's $800 million amortizing notes; outlook is positive
New York, February 24, 2017-- Moody's Investors Service today assigned a Ba1 rating to Sabine Pass Liquefaction, LLC's new $800 million 5.0% senior secured amortizing notes due 2037. Concurrent with this rating assignment, Moody's affirmed SPL's Ba1 rating on its existing $13.5 billion of senior secured bank loans and bonds. SPL's rating outlook is positive. The net bond proceeds from the offering are expected to repay SPL's bank loan borrowings and to pay for increased...
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