Liquefaction player Cheniere is offering $1.35 billion in senior notes to pay construction costs associated with the first five trains trains on its Sabine Pass liquefied natural gas export facility in Louisiana.

Cheniere also said it would reduce commitments "on a ratable basis" under its credit facilities associated with Sabine Pass of about $1.2 billion.

Separately, the Houston-based company said it had raised $800 million through the issuance of senior notes to prepay debt associated with Sabine Pass LNG.

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