UPDATE: Cheniere Announces Early Repayment of the 2007 Term Loan

Cheniere Energy (NYSE: LNG) announced today that its indirect wholly owned subsidiary, Cheniere Subsidiary Holdings, LLC, has repaid in full the entire outstanding principal balance of $298.0 million plus accrued and unpaid interest payable under the 2007 Term Loan due May 31, 2012 ("Term Loan"). Cheniere used a portion of the net proceeds received from the equity offering transacted in December 2011 to repay the Term Loan. The aggregate repayment amount was $298.2 million, including the outstanding principal amount and accrued interest through January 5, 2012.

The repayment of the Term Loan reduces the outstanding debt maturities of Cheniere due in 2012 to $204.5 million, releases the subordinated units of Cheniere Energy Partners, L.P. held as collateral for the Term Loan and results in the reduction of future interest obligations of $11.6 million that would have otherwise been payable through the Term Loan maturity. Cheniere's total outstanding indebtedness, excluding indebtedness of Cheniere Energy Partners, L.P. and its subsidiaries, has been reduced to $486.8 million.