Item 1.02 Termination of a Material Definitive Agreement
Termination of Credit Agreement
On June 11, 2012, Cheniere Common Units Holding, LLC (the "Borrower"), a wholly
owned subsidiary of Cheniere Energy, Inc. (the "Company"), repaid $284.5
million, which represented all amounts due and owing under that certain Credit
Agreement (the "Amended Credit Agreement"), by and among the Borrower, the other
Loan Parties (as defined therein), The Bank of New York Mellon, as
administrative agent and collateral agent, and the Lenders (as defined therein),
which was entered into on August 15, 2008 and subsequently amended. Upon such
payment, the Credit Agreement and related agreements were terminated.
Item 8.01 Other Events
On June 12, 2012, the Company issued a press release announcing that Sabine Pass
Liquefaction, LLC issued a limited notice to proceed under the engineering,
procurement and construction contract relating to the construction of the
proposed liquefaction facilities of Cheniere Energy Partners, L.P. ("Cheniere
Partners"), a majority owned subsidiary of the Company, and in connection
therewith that Cheniere Class B Units Holdings, LLC, a wholly owned subsidiary
of the Company ("CBUH"), purchased 11,111,111 Class B Units from Cheniere
Partners for $166,666,665 pursuant to the Unit Purchase Agreement, dated as of
May 14, 2012, between Cheniere LNG Terminals, Inc., a wholly owned subsidiary of
the Company (the predecessor-in-interest to CBUH), and Cheniere Partners, after
having repaid the obligations outstanding under the Amended Credit Agreement. A
copy of the press release is filed as Exhibit 99.1 hereto and is incorporated
herein by reference. Information included on Cheniere Partners' website is not
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
d) Exhibits
Exhibit
Number Description
99.1* Press Release, dated June 12, 2012.
* Filed herewith.